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The government is “taking the difficult decisions” to bring down the UK’s debt, the chancellor has said.
After the Bank of England raised interest rates from 2.25% to 3%, Jeremy Hunt said the “best single thing we can do” is to help the Bank bring down inflation.
He added: “We are doing the same things that we are asking families to do, up and down the country.”
Live page: Interest rate rises to 3% – the biggest hike in decades
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