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Pound drops after Bank of England says it could cut interest rates more if jobs market slows

‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew BaileyBusiness live – latest updatesThe pound dropped to a three-week low after the governor of the Bank of England said it could make bigger cuts to interest rates if the job market slows too quickly.Andrew Bailey said “slack” was opening up in the UK economy, as higher taxes have squeezed employers. Continue reading...

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