Chancellor Rachel Reeves welcomes the Bank of England's decision to cut interest rates to 3.75%. "What it means for a first time buyer with an average sized mortgage, is £100 less a month because of these successive cuts in interest rates," Ms Reeves says. <br /> Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
