The Bank of England cut British interest rates a quarter of one per cent from 5.75 per cent to 5.5 per cent today.
The move is expected to placate British manufacturers who warn their output is weakening along with demand.
Since the Bank of England's monetary policy committee voted by seven votes to two on March 7th to hold the rate at 5.75 per cent evidence has emerged the global downturn is having an impact on the British economy.
