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Down from 8.7% in may. that fall was driven by a 2.7% drop in food and fuel prices. while inflation is falling, it does not mean prices are falling, just that they are rising less quickly. well, what does that mean for our interest rates? currently, the bank rate stands at 5%, but these figures suggest it may not have to go much further. the bank is still likely to put rates up in august another 0.5%. the markets were expecting the base rate to peak early next year at 6.25%, the highest level since 1999. that has now been revised to 5.75%. the chancellorjeremy hunt and the opposition shadow chancellor rachel reeves have been responding to the figures. it s obviously welcome news that inflation has fallen. and it shows that if the government and the bank of england are prepared to take difficult decisions, we can win the battle ....
Benefits. union members say they are being crushed by the rising cost of living. they expect the soccer world cup in 2026 to worsen the housing crisis. they add hotels in los angeles received billions in pandemic funds and are now exceeding their pre-pandemic profits. they want hotel owners to approve a $5 per hour wage increase this year. the l.a. times reports the workers won a $3 per hour increase every year for the next three years. housekeepers currently make $25 an hour. employers have countered by offering a raise of $2.50 the first year with a $6.25 hourly raise over the next four years. this week s strikes come as a growing number of workers are ....
Nottingham. there s a warning that people seeking to re mortgage could end up paying nearly £3,000 more a year. the think tank, resolution foundation predicts the typical two year fixed rate deal will hit 6.25% later this year. the bank of england is expected to raise interest rates again next week. the government is delaying its planned ban on two for one junk food deals for another two years, due to the cost of living crisis. the policy, which is part of the anti obesity strategy, had already been delayed until later this year it s now been pushed back to october 2025. junior doctors across england will end their three day strike at 7 o clock this morning. members of the british medical association have staged the walkout over pay, after asking for a 35% increase. talks between the union and the government broke down in may. the government said its offer of 5% was fair and reasonable . russia s president vladimir putin has confirmed his country has deployed nuclear weapons to bel ....
There is still an outpouring of grief here in nottingham. people already grief here in nottingham. people already laying flowers at that city centre already laying flowers at that city centre square are not far away from here centre square are not far away from here. hundreds upon hundreds of floral here. hundreds upon hundreds of floral tributes are there. burnaby s family floral tributes are there. burnaby s family actually visited there as yesterday, and that sea of flowers is expected to grow as more people io is expected to grow as more people go and is expected to grow as more people go and pay is expected to grow as more people go and pay their respects throughout this weekend. go and pay their respects throughout this weekend- there s a warning that people seeking to re mortgage could end up paying nearly £3,000 more a year. the think tank, the resolution foundation, predicts the typical two year fixed rate deal will hit 6.25% later this year. the bank of england is ....
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