bank

Checks are still going out and payments into beneficiaries’ bank accounts are still arriving on time.

It has since held rates - most recently on 30 July - leaving the bank's key lending rate's target range at 4.25% to 4.5%.

Inflation remains above the Bank's 2% target but the central bank is not expected to cut borrowing costs.

The move - the bank's first rate cut since last December - is expected to kick off a series of additional reductions in the months ahead, which should help bring down borrowing costs across the US.

The majority of that - some £6,500 - was repaid from a bank account set up for money raised from local political supporters.