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14.09.25 - 15:54
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Bank of England urged to slow bond-selling plan to help cut record UK borrowing costs (The Guardian)
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Ex-MPC members say 'quantitative tightening' should be scaled back or halted entirely, saving the Treasury up to £10bn a yearAndrew Bailey has been urged by former Bank of England policymakers to ease pressure on the government's borrowing costs by cutting back its bond-selling plans.In a crunch week for the economy, four influential ex-members of the Bank's monetary policy committee (MPC) said a change in course was needed. Continue reading......
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05.09.25 - 07:18
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UK businesses cut jobs at fastest pace in four years over summer, Bank of England finds (The Guardian)
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Companies say increase in employer national insurance contributions has forced them to cut jobs and raise pricesUK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact from tax rises on employers.The monthly snapshot from a survey of chief financial officers at British businesses of all sizes showed firms reduced employment by an annual rate of 0.5% in the three months to August, the fastest since 2021. Continue reading......
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