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The Independent UK
The Independent UK
National
Rob Freeman

Shadow chancellor Rachel Reeves says interest rates a ‘hammer blow for working people’

Rachel Reeves Interest Rates Inflation
PA Wire

Shadow chancellor Rachel Reeves has labelled the latest rise in interest rates as a “hammer blow for working people” which did not need to happen.

The Bank of England raised the base rate for the 14th time in a row on Thursday, taking it to 5.25 per cent in a bid to bring inflation under control.

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