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The Bank of England has cut interest rates by 25 basis points to 5.25 per cent. The cut from the monetary policy committee (MPC) comes as the UK economy looks set to slow in 2008 – as the credit crunch, with borrowers tightening their lending, and high debt levels combine. The MPC said the decision… Read more »
Efforts to improve Britain’s employment rate are struggling to maintain positive momentum, a report from MPs says today. The Commons’ public accounts committee (PAC) finds the New Deal programme, which aims to raise the employment level to 80 per cent, is seeing the number of people entering work levelling off or reducing. It criticises the… Read more »
