UK interest rates kept on hold

UK - The Bank of England has left interest rates unchanged at 5% today, Thursday 6 Sep.

The decision comes despite new data revealing that the recession in the UK's manufacturing sector has worsened.

Business leaders have been calling for a cut in interest rates in order to try and help the sector out of its recent difficulties, exemplified by plunging stock markets. But the strength of consumer spending and the housing market has made the bank cautious about stoking inflationary pressures by

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