No change to interest rates as Bank of England warn of "sluggish" growth

The Bank of England has warned economic growth will remain "sluggish" as it kept interest rates on hold amid a tightening squeeze on family incomes.

Policymakers on the Bank’s Monetary Policy Committee (MPC) voted 6-2 to keep rates at 0.25%, with fewer members this month calling for a rise as lacklustre economic growth has weakened support for a hike.