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Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment publishedThis is what Rishi Sunak said in his clip for broadcasters in response to claims that today’s King’s Fund report (see 9.28…
Associated British Foods says group sales rose by 16% with Primark saying rises supported by steeper pricesABF lifts profit forecast after price rises – business liveHunt to ask UK regulators to look at firms exploiting price risesThe owner of Primark…
Chancellor to meet watchdogs to discuss claims that company profiteering is stoking inflationBusiness live: Primark-owner lifts profit forecast after price risesJeremy Hunt will ask industry regulators what they are doing about any companies exploiting…
Measure among three to emerge from meeting to help struggling households after sharp rate hikeBusiness live – latest updatesStruggling mortgage holders will be given a 12 month grace period before their repossession proceedings begin, in an agreement b…
Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise interest rates to 5% in an inflation…
Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage pointThe financial markets are predicting UK interest rates will hit 6% by the end of the year, and remain at that level until next summer, aft…
Critics say Bank should pay less attention to economic models and more to what is happening on the groundBusiness live – latest updatesWith Thursday’s 0.5 percentage point increase in interest rates to 5%, the Bank of England is hoping to land a knocko…
Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflationBusiness live – latest updatesThe Bank of England has raised interest rates by a half point to 5% as it intensifies its efforts to tackle stub…
Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’. This live blog is closedBank of England raises interest rates by a half point to 5%Rishi Sunak has posted a thread on Twitter setting out what the governmen…
Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowersLabour has piled further pressure on Rishi Sunak to take action to help struggling mortgage holders as the Bank of England prepares to raise inter…