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UK pay still rising at three decade high in headache for Bank of England

UK pay has risen at its fastest pace in over three decades for the fifth quarter in a row in a sign that the Bank of England may have to keep raising interest rates to get ahead of inflation, new figures out today show.

United kingdomJack barnettDan kitwood gettySheila attwoodInternational monetary fundOffice for budget responsibilityOrganisation for economicBank governor andrew baileyGetty imagesBudget responsibility

Explainer: How interest rate hikes aim to bring down the cost of living

Why does the Bank of England keep raising interest rates, placing even greater pressure on households facing a cost-of-living crisis?

United kingdomKwasi kwartengUnited kingdom statistics authorityInstitute for public policy researchBank monetary policy committeeOffice for national statisticsBank governor andrew baileyMonetary policy committeeNational statisticsUnited kingdom statisticsConsumer price indexLiz trussPublic policy research

Bank of England to lift interest rates to 23-year high of six per cent to strain roaring inflation

The Bank of England is on track to kick interest rates up to their highest level in over 23 years in a bid to rein in inflation, markets are betting.

United kingdomCharles white thomsonJack barnettAndrew baileyBank governor andrew baileyOffice for national statisticsEngland governor andrew baileyNational statisticsWhite thomsonSaxo united kingdom

FTSE 100 live: Interest rates concerns linger as Next shines

FTSE 100 live: Interest rates concerns linger as Next shines
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

City ofUnited kingdomRichard hunterJack barnettBank governor andrew baileyMike ashley frasers groupFrasers groupBrent crude

House prices drop for first time this year as Bank of England interest rate hikes take hold

House prices have dropped for the first time this year, sparked by the property market being whacked by the Bank of England’s rate rises.

United kingdomCity ofJack barnettHollie adams gettyTim bannisterBank governor andrew baileyResolution foundationGetty images

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