Bank of England news conference on interest rates being held at 5.25%

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The British economy is going to be flatlining for the foreseeable future, with next to no economic growth all the way through til early 2025, according to a bleak set of forecasts from the Bank of England.

The forecasts, published alongside the Bank's latest decision to hold interest rates steady at 5.25%, imply that the coming general election will be fought against a backdrop of economic stagnation.

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