High rates could end 40-year wealth boom.
Interest rate rises deliver biggest wealth fall for households since World War II
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Current Affairs
UK economy remains on shaky ground
GDP falls by 0.1% in May.
Record wage growth not fast enough to beat inflation
Wage growth nevertheless fuels inflation fears.
Business confidence falls in June
Directors cite stubborn inflation as their main concern.
HMRC accused of ‘poor complaint handling’
Poor service levels drive customer complaints.
BoE increases interest rates to 5%
Base rate rises by more than expected.
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