As the Bank holds interest rates, our cost of living correspondent Kevin Peachey is answering your questions live.

The Bank of England has kept UK interest rates at 4.5%, as policymakers warned that uncertainty over global trade had intensified following new US tariffs. Eight members of the Bank’s nine-person Monetary Policy Committee (MPC) voted to keep rates on hold on Thursday while they assess the impact of economic and political developments around the world.

The Bank of England has kept the central interest rate at 4.5%, with policymakers warning of increased uncertainty over global trade due to new US tariffs. Eight of the nine members of the Bank's Monetary Policy Committee (MPC) voted to hold rates steady as they assess the impact of global economic and political developments.