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Bank of England expected to cut UK interest rates today as trade war threatens economy – business live

Rolling coverage of the latest economic and financial newsFederal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategyTrump expected to announce framework of UK trade agreement, sources sayUK retailer Next has raised its profit forecast after benefitting from hot weather in recent weeks.Next has told the City this morning that trading in the last three months (26 January to 26 April 2025) had been “better than expected”.Our performance in both the UK and overseas was better than we had anticipated.Sales in our Retail shops have been much stronger than we expected but, in our experience, shops benefit disproportionately from the favourable weather. So we are expecting our Retail sales to return to being broadly flat for the rest of the year. Continue reading...

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