Former Chancellor George Osborne has tweeted his approval for the Bank of England's (BoE) decision to cut interest rates and introduce other measures to support the UK's post-Brexit economy.
Osborne, who has been recognised for his work at the Treasury by former Prime Minister David Cameron with a Companion of Honour, called the BoE's announcement a "triple whammy".
BoE right to use triple whammy of lower official rates, QE & funding scheme to support demand.But only a temporary answer as economy adjusts
Must be matched by permanent supply side reform:lower biz taxes, free trade with EU & unambiguous message we're open to overseas investment.
Mark Carney told banks there was "no excuse" not to pass on today's 0.25% cut in full. There will be an almighty hullabaloo if they don't.
A look at what high street operators plan to do now that the the UK's interest rates have been cut to a record low of 0.25%.
Mark Carney tells ITV News' Economics Editor Noreena Hertz the UK economy will continue to face a period of uncertainty following Brexit.