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Hoping For An Interest Rate Cut? We Have Some Bad News...

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"Harsh economic reality has dealt another blow to those hoping for interest rate cuts in the UK later this year.

Manufacturers upped their prices by more than expected in January as soaring input costs forced them to charge more for goods.

The average price of crude oil over the course of January was the highest since records began in 1991 - even higher than in August 2005, when Hurricane Katrina sent prices spiking briefly to over $70 a barrel in the US.

It's yet another reason why the Bank of England is right to still be fretting about inflation prospects despite the UK's slowing economic growth..."

Firstrung has permission from Moneyweek to print the moneyweek articles in full and use them on the site in whatever form.


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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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