A majority of UK businesses plan to cut pay increases ...Middle East

The Bank of England (BoE) is monitoring these reactions ahead of its February 6 interest rate decision. While a 0.25% rate cut is expected, the longer-term outlook is uncertain.

Info via Reuters, more here.

Finance Minister Rachel Reeves defends the tax hikes as necessary for stabilizing public finances. Earlier on reeves:

UK's fin min Reeves to release corporate pension funds to help investment fuel growth This article was written by Eamonn Sheridan at www.forexlive.com.

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