Ten Things You Need to Know Today: 4 August 2022

The Week’s daily digest of the news agenda, published at 8am

1. Bank tipped to raise rates again

The Bank of England is widely expected to raise interest rates for the sixth time in a row today. Interest rates could be increased to as much as 1.75% as the Bank tries to tackle inflation. The Telegraph said that the Bank will also “be forced to admit that inflation will remain high for far longer than previously predicted”, but The Guardian said the trend in underlying inflation – which excludes fuel, food, tobacco and alcohol – is “encouraging”, with core inflation falling for two months in a row from 6.2% in April to 5.8% in June.

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