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The Independent UK

Business

David Lynch

Bank of England could make cuts to interest rates if jobs market slows down, Bailey says

Andrew Bailey Rachel Reeves United States Bank of England Insurance

The Bank of England could make cuts to interest rates if the jobs market slows down, Andrew Bailey has said.

Businesses are “adjusting employment” as a result of Chancellor Rachel Reeves’ decision to raise national insurance contributions (NICs) for employers, the governor of the Bank also told The Times.

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