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we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. wi ....
Yes.. her pupils know about the pressures as well. we are i yes.. her pupils know about the pressures as well. we are not i pressures as well. we are not spending pressures as well. we are not spending as pressures as well. we are not spending as much pressures as well. we are not spending as much as - pressures as well. we are not spending as much as we i pressures as well. we are not spending as much as we need pressures as well. we are not i spending as much as we need to going out but my pocket money hasn t changed, so i m happy for that. ~ , ., for that. making sure all the owers for that. making sure all the powers of for that. making sure all the powers of off for that. making sure all the powers of off at for that. making sure all the powers of off at the - for that. making sure all the powers of off at the switch. | powers of off at the switch. having powers of off at the switch. having saying no to some stuff because having saying no to some stuff because they ....