Bank of England boss says the Budget risks job losses and interest rates staying higher for longer ...Middle East

THE BANK OF ENGLAND governor yesterday said the Budget risked job losses and interest rates staying higher for longer. Andrew Bailey told MPs the Bank would take a “gradual” approach to further interest rate cuts while it watches how companies react to Labour’s £25billion tax raid on businesses. EPAAndrew Bailey says the Budget risks job losses and interest rates staying higher for longer[/caption] Catherine Mann, of the Bank’s rate-setting committee, said she had favoured rates staying high as she was concerned the Budget could lead to higher inf

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