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Bank of England raises UK interest rates to 4%

The Guardian Manufacturing

More pressure on mortgage payers and businesses after hike of 0.5 percentage points to 4%, piling more pressure on mortgage payers and businesses struggling to pay off their loans. points lifts rates to 14-year high The Bank of England has raised interest rates by 0.5

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Signals are flashing red for Rishi Sunak’s economic growth pledge

The Guardian Manufacturing

Bank of England and Niesr have not forecast a recession but October fall in GDP may suggest one is on the way UK economy shrinks unexpectedly as households feel squeeze Business live – latest updates The UK economy is sinking. The question is for how long and whether the downward surprise in October is repeated in the coming months.

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UK firms ‘slow output and rein in hiring as borrowing costs rise’

The Guardian Manufacturing

Survey of businesses gives further indication that Bank of England could limit future interest rate rises Businesses are pulling back on hiring and slowing their output under the strain of rising borrowing costs, according to a study that gives a further signal that the Bank of England could limit future interest rate rises.

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Sticky price rises may force Bank of England to deploy its only weapon again

The Guardian Manufacturing

Overall rate of inflation falls but costs are still increasing in some sectors, so another interest rate rise looks likely UK inflation falls sharply to 6.8% Which UK goods and services have changed most in price? The UK inflation figures bring welcome news. The annual rate of consumer price inflation fell by more than a percentage point to 6.8%

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

As we embark on the second half of 2023, this second annual Manufacturing White Paper examines the business and legal considerations that continue to impact the industry and offers the perspectives and insights of attorneys with deep experience serving as trusted advisors to manufacturing companies.

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UK ‘in recession’ as Bank of England hikes interest rates to 14-year high

E&T

The Bank’s Monetary Policy Committee (MPC) decided to raise rates to 2.25 In committee minutes, it said the “tight labour with wage growth and domestic inflation” above targets called for a “forceful response”. This comes after a reported 0.2 A recession is when GDP shrinks for two consecutive quarters.