The Bank of England will slash interest rates to their lowest level in more than three years as Britain battles an unemployment crisis, a Swiss lender has claimed. Rates will fall from the present level of 3.75pc to 2.75pc after the summer, according to Lombard Odier. The figure would be the Bank Rate’s lowest point since November 2022, coming close to the Bank’s target of 2pc. Such a drastic cut would benefit homeowners and businesses, who could borrow more to invest, and would be driven by ructions in ...