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geemong
04 Nov 2022 - 06:14:41
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215 Posts
Shadow chancellor warns of hit to families and businesses


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Speaking today at the Anthropy conference in Cornwall, Labour's shadow chancellor Rachel Reeves will warn that another interest rate rise at 12:00 would hurt businesses and households, and hit growth in the economy.

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She is expected to say: "Rising interest rates will mean families with already stretched budgets will be hit by higher mortgage payments. It will mean higher financing costs for businesses."

She will warn that it could mean lots of business owners face tough decisions about whether to carry on in the face of rising costs.

Ms Reeves will also suggest that the UK in particular is exposed to economic shocks because of "weak growth, low productivity and underinvestment and widening inequality", calling for a need for a "new spirit of partnership" between the government and businesses going forward.

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Josepclinton
19 Nov 2022 - 06:08:51
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9 Posts
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BrendaBaron
11 Sep 2023 - 09:02:10
17 Posts
The Shadow Chancellor's recent warning about the potential economic repercussions has sent ripples of concern through families and businesses alike. With the looming threat of adverse impacts on their financial stability, the concept of a pop up counter has gained prominence as individuals and entrepreneurs seek innovative solutions to mitigate the impending challenges. As uncertainty continues to cast a shadow over the economic landscape, proactive measures and agile strategies become increasingly essential for safeguarding the interests of both households and enterprises.

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