Bank of England should cut rates pre-emptively, says committee member

Bank of England MPC member Alan Taylor has called for rates to be cut further (Aaron Chown/PA) - (PA Wire)

The Bank of England should move quickly to cut interest rates “pre-emptively”, according to rate-setter Alan Taylor.

Mr Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is “in the last half mile on inflation”.