Bank of England (BoE)

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British official inflation climbs to 4.4% in July

British 12-month inflation jumped to 4.4 per cent in July from 4.2 per cent in June, driven by rising costs for clothing, financial services and rent, official data showed on Tuesday.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

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