Is The Economy On The Up?

Today, the Bank of England has cut interest rates to the lowest level since early 2023. Chancellor Rachel Reeves calls it "good news for families with mortgages and businesses with loans" - but says there's "more to do". Meanwhile, the Bank now expects no economic growth at the end of this year. Faisal is with Tristan in the studio to talk it through.And, tension is still building between the US and Venezuela. President Donald Trump has ordered "a total and complete" blockade of all sanctioned oil tankers entering and leaving Venezuela - a move denounced by Caracas as "warmongering threats". Tristan is joined by his global story host Asma Khalid and Vanessa Buschschlüter Latin America and Caribbean Editor for the BBC News website. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://bbc.in/newscastdiscordGet in touch with Newscast by emailing [email protected] or send us a WhatsApp on +44 0330 123 9480.New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Tristan Redman. It was made by Jack Maclaren and Jem Westgate. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.