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UK Banks Face Scrutiny Over IT Failures and Inflation

UK Banks Face Scrutiny Over IT Failures and Inflation
Business
2025-03-07
85

UK banks are under pressure as MPs reveal widespread IT outages costing millions in compensation. Meanwhile, the Bank of England warns against rapid interest rate cuts due to persistent inflation. Read more...

Bank of England Urged to Tread Carefully on Rate Cuts

Bank of England Urged to Tread Carefully on Rate Cuts
Business
2025-03-04
77

Bank of England Deputy Governor Dave Ramsden advises caution on future rate cuts amid rising inflation. He used a "mountain analogy" to highlight the challenges. Read more...

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