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Britain Reins in on Spending

Alliance Trust Research Centre's Financial Reality Index highlights the worsening financial reality facing households and points to household spending growth cooling over the year ahead.

Bank of England reduces bank rate by 0.25 percentage points to 5.0%

The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.0%.

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