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    Josia Shigwedha

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    Josia Shigwedha

Bank of England

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Business / Economics

Bank of England Hold interest rates

  The Bank of England has held UK interest rates at 4.75%, warning that Britain's economy is on the brink of stagnation following a combination of global factors, and the UK finance minister's spending plans for the year ahead. Lou Browne has more.  

today20 December, 2024

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World

New UK finance minister vows to power economy

      New UK finance minister Rachel Reeves vowed Monday to immediately "fix the foundations" of Britain's economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK's first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there was "no time to waste" on reversing "the legacy of fourteen years […]

today8 July, 2024