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Bailey: Businesses trying not to pass costs on to consumers
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Bailey: Businesses trying not to pass costs on to consumers
Bank of England governor Andrew Bailey has said businesses are resisting decisions to pass higher energy costs onto consumers and instead looking to narrow margins and find other savings. Speaking at an International Monetary Fund event in Bangkok, Bailey said firms were “clearly squeezing margins as well as cost cutting” in order to deal with [...]
16 Oct, 10:41
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