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U.K. Businesses Warn Of Hit From Bank of England Rate Increase

  • Hike adds to costs as companies face omicron restrictions
  • Four in five households protected by fixed mortgage deals
Photographer: Chris Ratcliffe/Bloomberg

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U.K. businesses warned that the Bank of England’s decision to raise interest rates will add to costs and may deter investment as they grapple with new restrictions to contain the omicron variant of coronavirus.