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Bank of England: NI rise could see companies shed workers

Video Credit: ODN - Duration: 00:52s - Published
Bank of England: NI rise could see companies shed workers

Bank of England: NI rise could see companies shed workers

The Bank of England has kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified global economic uncertainty.

The Bank says there are indications an increasing number of companies plan to let workers go when national insurance contributions rise next month, which Governor Andrew Bailey says is a cause for concern.

Report by Jonesia.

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