But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right” to set interest rates, it was “bad news for people at home having to reset their mortgages for the years ahead at a more expensive rate and people to have to pay rent for their homes”.
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Mandatory masks: ‘We worry people won’t shop with us’
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By Mary-Ann Russon & Michael RaceBusiness reporters, BBC News Image source, The Dressing RoomImage caption, Sisters Katie Pitts &...
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Manchester United: Sir Jim Ratcliffe agrees deal to buy 25% stake
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Sir Jim Ratcliffe’s deal will see £236m used to upgrade the club’s training ground and Old Trafford stadium British...
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5,000 people hit by Heathrow flight cancellations
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“Coupled with airport caps, we are taking pre-emptive actions to increase resilience over the balance of summer, including a...
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Melinda French Gates to quit Gates Foundation
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Billionaire philanthropist Melinda French Gates has said she will resign as a co-chair of the Bill & Melinda Gates...
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Contactless card limit to rise to £100 in October
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“Raising the contactless card limit to £100 would likely make card theft more attractive, increasing a broad range of...
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Petrol prices fall to lowest level in two years
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The RAC, which has criticised supermarkets and petrol retailers over pricing, said petrol falling to £1.43 on average –...
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Bank of England plans expansion of Leeds base
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The Bank of England has announced an expansion of its Leeds office – with one in 10 staff set...
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Covid-19: UK workers to get 67% of pay if firms told to shut
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Media playback is unsupported on your device Media captionRishi Sunak: Expansion of Job Support Scheme is a “safety net”...
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