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The UK economy grew in November by 0.1% “defying expectations” and is likely to increase pressure on the Bank of England to raise interest rates, according to the Financial Times. It notes the service industries – which includes the retail, financial, and leisure sectors – was boosted during the World Cup. An economist tells the paper cost of living payments meant households had more cash in the month.

Financial Times Front Page 27th of November 2024

Amid rising concerns of an economic conflict, Mexico, Canada, and China have warned of potential damage following Trump’s announcement of punitive tariffs, which he argues are necessary for protecting US interests, drawing criticism from international trade partners who describe the move as irresponsible and foresee increased costs in sectors like petrol.

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