Thames They Are A-Changin'
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The UK's Leadership Role in the Battle Against Climate Change
The Bank of England was guiding in fairness to these businesses that interest rates would probably peak at around 4%. But they're now being priced as going to, which is 6.25%. That makes a big difference for a company which has a lot of borrowing,. You can budget for one, but if it's suddenly going much higher, that throws all your calculations out the window and captures you by surprise. And why are interest rates going up higher than expected? Because inflation is proving stickier than we thought it would be.
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