22 Hrs
Source:
The Guardian
Burnham must justify rate hikes as relief
The Bank of England kept interest rates unchanged at 3.75%, but warns that ongoing conflicts in the Middle East could force future increases due to rising energy prices and inflation. Inflation is projected to remain above 4% in early 2027, and economic concerns include higher borrowing costs and global geopolitical tensions. These factors threaten to undermine government efforts to alleviate the cost of living.
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