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Families spending less after being 'scarred' by years of sky-high inflation, Bank of England warns
Bank official Catherine Mann (pictured) said the inflation shock of 2021-22 means prices are now 30% higher than they were in 2019 pre-Covid.
The financial watchdog has revealed details of its car finance compensation scheme that could see £8.2billion paid back to motorists.
Significant service cuts are still expected on the CTA beginning in the middle of next year if state lawmakers don’t green-light additional funding.
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