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The Financial Times leads on comments from the governor of the Bank of England about persistent inflation in the UK economy. New data has shown wages are climbing in the public sector, which Andrew Bailey said indicates that inflation “is taking a lot longer than we expected” to come down. Traders expect the base interest rate to increase from 4.5% to 5.75%, the FT reports – which is bad news for people with mortgages.

Financial Times Front Page 22nd of April 2025

China has cautioned that it will respond forcefully against any government deepening ties with the US, insisting its own strategic interests must be safeguarded and hinting at countermeasures should isolationist policies prevail, while the PM stays firmly set on cooperation with Western partners.

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