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Transcripts for BBCNEWS Newsnight 20240604 22:01:00

checks and so forth. that s impacted on profitability as well. quite a lot of people who worked in the pet food factories have come from central and eastern european countries. obviously quite a lot have gone home. say hello to go.compare, the new way. inflation in services in the uk is a particular concern for economists. for instance, uk insurance prices were up i7% year on year in april, with travel insurance showing a considerablejump. some in that industry blamed the weakness of our currency, a hangoverfrom last year s mini budget, which sent sterling to a record low against the dollar. travelling to the us now is extremely expensive from the travel insurance market, and that is just because of the weak pound against the dollar. and what that means then is the medical costs are much more expensive, so when you are then looking, if you do unfortunately have to make a claim on your travel insurance, everything isjust a bit more expensive and again, the exchange rate does affect that

Business Travel Market Size is Expected to Reach USD 2,001 1 Billion By 2028, Growing at a CAGR of 13 2%

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