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Don’t miss the latest developments in business and finance.
UK firms expect to raise prices 6% in 12 months, see inflation lingering
Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months
Bank of England set to raise rates again as inflation heads for 10%
That would take Bank Rate to 1.25%, its highest level since January 2009, when Britain's economy was holed by the global financial crisis
In a first since 2007, Bank of England set to raise rates to 0.5%
A BoE rate hike would follow the pattern set by the US Federal Reserve and to an extent by the European Central Bank