Do you think cutting interest rates will help UK households struggling with cost‑of‑living pressures?

UK inflation fell to 3.2% in November, its lowest level in months, driven by lower food prices.

The unexpected drop has increased pressure on the Bank of England to cut interest rates from 4.0% in its next meeting.

Supporters argue that reducing rates could ease borrowing costs for households and businesses, offering relief from ongoing cost-of-living pressures.

Mortgage holders and those with other debt could benefit most.

However, some economists warn that rate cuts may have limited effect if wage growth remains weak or if inflation falls too slowly.

There are also concerns that lower rates could reduce returns for savers or risk overheating the economy.