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Politics

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Politics

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years. Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking around their neighbourhood for signs of a booming economy. Continue reading...

The Guardian
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Politics

What can Britain learn from backlash to Dutch slavery apology?

In the Netherlands many felt the move, while welcome, was mishandled and exclusionary, mirroring past inequality Andy Burnham’s pledge to seek a “structured dialogue” with former colonies to help shape Britain’s first formal state apology for slavery marks the UK’s first tentative step down a path the Netherlands set out on five years ago. The prime minister’s attempts to initiate a historic shift alongside the royal family – whose customary expressions of “profound personal sorrow”, falling short of an apology, was repeated by King Charles this week – echo a process begun by the Dutch state i

The Guardian
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