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Reaction to the Bank of England’s decision to raise interest rates to 5% is another big story across Friday’s front pages. In its lead, the Financial Times says the surprise hike is part of the central bank’s effort “to put a lid on inflation”. Prime Minister Rishi Sunak is quoted by the paper saying further tax cuts would have to be put on the “backburner”.

Financial Times Front Page 25th of June 2024

Both Conservative and Labour party pledges to improve public services in the UK have been deemed ‘essentially unfunded’ by a think tank, which criticises the parties for failing to make tough financial choices and warns of potential economic instability.

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