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Analysts predict cuts to come later in the year, but say the Bank rate is likely to remain at 4.25% for now.
The criteria has changed so 2.7m more people will get the money automatically knocked off their bills.
Thousands of households will now not face disruption to hot water and heating, the government says
The announcement comes as Trump pressures big technology firms to increase manufacturing in America.
Nippon agreed to give a "golden share" to the US government to win approval of the takeover.