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UK's financial woes: High interest rates impact property market

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The Bank of England is warning of a risk to the UK's financial stability, after the Pound dropped to an all-time low against the US dollar on Monday.
Traders were concerned over the government's package of tax cuts - and the amount of money being borrowed to pay for it.
Interest rates could increase further - and that will impact those trying to buy a home.

Al Jazeera’s Neave Barker reports from London.

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#GBP #GBPUSD #BritishPound #Sterling #UKInterestRate #UKCostOfLiving #UKEconomy #UKMortgage
Category
World
Tags
Al Jazeera, Al Jazeera English, british pound crisis
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