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Bank of England: UK interest rates hiked to 0.25% to combat surge in inflation – business live | Business

by FameLIV
December 16, 2021
in Business
Reading Time: 1 min read
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Bank of England: UK interest rates hiked to 0.25% to combat surge in inflation – business live | Business
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Labour’s Wes Streeting, the shadow well being secretary, urged Sunak and the enterprise secretary, Kwasi Kwarteng, to “hammer out a deal to assist hospitality as a result of they actually need us proper now”.

Streeting mentioned: “These companies are having a tough time in the meanwhile and we would like authorities to be by their aspect.”

He added: “We perceive the chancellor is at present in a foreign country in California. So maybe he may need to get himself on a flight again and get a grip on the scenario as a result of companies want certainty and confidence now.”

A spokesperson for Sunak mentioned the journey was long-planned and that whereas he was there, the chancellor can be assembly trade leaders from the tech and funding sectors – “with a packed schedule of conferences”.

They added: “He’s in fixed contact with employees again house and can be talking to UK hospitality companies immediately to listen to their issues.”



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Tags: BankBusinesscombatEnglandhikedinflationInterestLiveRatessurge

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