The Bank of England is expected to cut interest rates next week – sparking a series of reductions in 2025.

The bank is set to drop them from 4.75% to 4.5%, in a move that could shake up savings, mortgages, and retirement plans.

Markets are pricing in an 84% chance of a cut as policymakers respond to slowing economic growth and a dip in inflation.

Some finance experts, including a new member of the Bank of England’s Monetary Policy Committee (MPC), suggests this could be the first of five or six…