
UK Wage Inflation Points to Another Big Rate Hike This Week
Britain’s soaring wage inflation is likely to push the Bank of England to another sharp increase in interest rates this week.
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Britain’s soaring wage inflation is likely to push the Bank of England to another sharp increase in interest rates this week.
The bond-market’s bulls are poised for the first major test of 2023.
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US manufacturing showed more signs this week of succumbing to the Federal Reserve’s aggressive interest-rate hikes that are taking a bigger bite out of demand and risk upending the economic expansion.
Royal families of Gulf states such as Saudi Arabia, the United Arab Emirates and Qatar own more than £1 billion ($1.2 billion) of UK real estate via offshore tax havens like Jersey and the British Virgin Islands, the Guardian newspaper reported.
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