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Live, rolling coverage of business, economics and financial markets as water company says it will not receive £500m injection from shareholders
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The decision to leave rates unchanged for a fifth time comes despite UK recession and steep fall in inflation in recent months
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A deeper recession was avoided only thanks to record immigration, and the MPC is bound to be cautious about cutting interest rates
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The economy dipped into a recession at the end of last year, with output declining by 0.3 per cent over the fourth quarter
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The chancellor is hemmed in by debt, recession, Office for Budget Responsibility forecasts and the legacy of Liz Truss
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Andrew Bailey has said as inflation does not need to reach the 2 per cent before interest rates are cut
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Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year
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Barclays shares jump as it announces cost-cutting drive to boost returns, shakes up its operations and aims to return £10bn to shareholders over the next three years
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Rolling coverage of the latest economic and financial news, as Andy Haldane urges central bank to consider interest-rate cuts