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Inflation and migration: Sunak’s problematic pledges

Political Fix

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The Conservative Government's Plan to Cut Immigration

Real wages have pretty much flatlined for about a decade, they're falling. And this should correct itself over the next few years but it's certainly not a good picture. Only a third of the effect of higher interest rates on households has happened so far. So 2-thirds is still to come - and that's before the Bank of England starts raising rates even further.

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