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DAILY MAIL COMMENT: Families will pay the price of soaring wages


DAILY MAIL COMMENT: Families will pay the price of soaring wages

If the Bank of England’s forecasts are right, even tougher times are hurtling down the track for British families.

True, we have learned to take the auguries of economists with a pinch of salt, as they so often turn out to be excessively gloomy. But these latest predictions are stark.

The Bank says we will slide into recession by the end of this year and stay there for more than a year, with inflation peaking above 13 per cent as fuel and food prices continue to soar.

As a result, the base lending rate was raised yesterday by 0.5 percentage points, the highest single jump for 27 years, with the likelihood of more to come.

Tough times are hurtling down the track for British families

Tough times are hurtling down the track for British families

This means…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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