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Bank of England raises interest rates to 4 per cent in first rise for three years

The Bank of England has lifted its base rate from 3.75 per cent to 4 per cent, its first increase in more than three years, as inflation driven by the Iran war continues to push up energy costs.

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The Bank of England has lifted its base rate from 3.75 per cent to 4 per cent, its first increase in more than three years, as inflation driven by the Iran war continues to push up energy costs.

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