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The Bank of England’s decision to raise interest rates is the lead story on the front page of the Financial Times. In its Thursday update, the Bank said inflation is now not forecast to fall below the target of 2% until 2025 – but it reaffirmed its prediction that the UK will avoid a recession. The US accusing South Africa of covertly backing Russia’s war effort in Ukraine also features prominently.

Financial Times Front Page 10th of March 2025

In a crucial effort to secure renewed backing, the leadership intends to offer limited concessions and fortify ties with key partners overseas, underscoring a strategic pivot that emphasises continued alignment with the PM and the West while bolstering economic and diplomatic footing.

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