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Investors bet UK interest rates could start falling by March, as debt servicing costs ramp up – business live

Latest public finances show interest payable on UK government debt was £7.7bn last month, the highest November total since monthly records began in April 1997.

  • UK interest rates expected to fall sharply next year as inflation drops to 3.9%

The strength of the UK’s labour market will be a key factor determining when the Bank of England feels confident enough to start cutting interest rates.

And new data just released shows a fall in job openings last week.

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