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The Independent UK
The Independent UK
National
Ben Chapman

Bank of England faces one of its toughest-ever interest rate decisions as UK heads towards recession

Bank of England United Kingdom Recession MPC Inflation EY ITEM Club Interest Rates
PA Wire

The Bank of England will deliver its latest interest rate decision on Thursday against a backdrop of soaring prices and multiple warning signs that the UK is heading for a recession this year.

That gives the nine members of the Monetary Policy Committee a tougher job than perhaps any time since Gordon Brown made the bank independent of government in 1997.

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