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Financial Times - Bank of England takes interest rates to 5% in effort to put lid on inflation
Summary of the front page
The Financial Times leads on the Bank of England hiking interest rates to 5% in an effort to curb inflation.
In its lead, the paper says the surprise hike is part of the central bank’s effort “to put a lid on inflation”. Prime Minister Rishi Sunak is quoted by the paper saying further tax cuts would have to be put on the “backburner”.
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