Author: News Desk

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy Business news – live updates Interest rates set by the Bank of England are unlikely to rise above 5% as markets previously expected, a senior official has suggested, saying the hit to the economy from such a steep increase would be damaging. One of the Bank’s deputy governors, Ben Broadbent, said the rise in rates priced in by markets – from 2.25% now to 5.25% over the coming months – was not a foregone conclusion and would deliver a “pretty material” hit to the economy.…

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  Tory MP Paul Bristow has reported that his constituents have been sending a “strong message” that the Conservative grassroots want to see Boris Johnson return as Prime Minister. ​Tory MP Paul Bristow has reported that his constituents have been sending a “strong message” that the Conservative grassroots want to see Boris Johnson return as Prime Minister. 

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