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As cost of food and fuel soars, is there an appetite to raise UK interest rates?

Things are moving fast for the British economy. Inflation has soared to the highest level in a decade, breaching 5% months earlier than expected. The headline figure masks much steeper rises for everyday items – the cost of apples and pears is up 25% in a year.

As cost of food and fuel soars, is there an appetite to raise UK interest rates?
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Meanwhile, consumer confidence is evaporating as the coronavirus Omicron variant spreads through the population with unprecedented pace.

 Read more at The Guardian

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