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The Independent UK
The Independent UK
National
Holly Williams

Ukraine war clouds economic outlook and puts borrowers under strain, warns Bank

PA Archive

The Ukraine war has increased economic uncertainty in the UK and will put pressure on borrowers as soaring energy prices compound the cost-of-living crisis, the Bank of England has warned.

In the Bank’s latest Financial Policy Committee (FPC) report, it said that if energy bills keep rising amid the conflict, this will put strain on household and business finances.

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