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Bank of England 0 5% rate hike: What it means for mortgages and savings

Spooked markets in UK and Europe tumble after Bank of England s interest rate hike

Markets are showing little sign of proving recession fears wrong, as the FTSE 100 - which is made up of some of the country s biggest companies - ended the day down by 78.12 points, or 1.08 per cent.

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