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Soaring Inflation to Hit Britain Harder Than Any Other Major Economy, BOE Warns

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Bailey Says BOE Could Respond Forcefully to Inflation

Soaring inflation will hit Britain harder than any other major economy during the current energy crisis, the governor of the Bank of England has warned.

Andrew Bailey said the UK's economy would likely weaken earlier and be more intense than others as a result of the energy price shock that all European economies face.