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UK economy faces double threat of inflation surge, recession risk

Britain's economy is struggling under the strain of two major risks in the form of double-digit inflation and a possible recession, leaving the Bank of England in a dilemma about how much further it should raise interest rates.

UK economy faces double threat of inflation surge, recession risk
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The BoE has raised borrowing costs five times since December and its next scheduled rates announcement is on Aug. 4.

Read more at Reuters

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