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TUC: Increased interest rates is "the last thing families need"
A SHOCK decision to double interest rates is “the last thing hard-pressed families need”, the TUC said yesterday.
The Bank of England’s monetary policy committee caused consternation when it announced the first rise in the base rate of interest in 10 years.
The rise from 0.25 per cent to 0.5 per cent reverses the bank’s emergency cut following the vote to leave the EU last year.
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