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Bank of England faces tough interest rate decision
Bank of England faces tough interest rate decision

The Bank of England’s Monetary Policy Committee (MPC) faces a tough decision on Thursday when it announces its decision on interest rates at midday. Most analysts believe that there is a real chance that the MPC will decide to raise interest rates to combat the escalating levels of consumer debt. Figures released by the Confederation… Read more »

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US Senate approves billions of funding for Iraq
US Senate approves billions of funding for Iraq

The United States Senate has approved $87.5 billion in emergency funding for Iraq and Afghanistan. The controversial package of funds, put together by President Bush, includes $51 billion for the US military operation in Iraq, $10 billion for the military in Afghanistan and $18.6 billion for the reconstruction of Iraq. It is the most expensive… Read more »