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The Independent UK

Kate Devlin

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Budget Economy Rachel Reeves United Kingdom Bank of England Income Tax Jaguar Land Rover

Experts have predicted a pre-Christmas interest rate cut is now “nailed on” after a shock contraction in the economy in October.

Pre-Budget concerns and speculation around tax hikes has been blamed for after the economy unexpectedly shrank for the second time in as many months.

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