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SOCIETY

UK inflation soars to near decade-high on energy bills

British inflation spiked close to a decade-high in October partly on higher energy bills and resurgent post-lockdown demand, official data showed Wednesday, sparking fresh talk of an interest rate hike.

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ECONOMY

UK's Kwarteng: Price cap will remain this winter amid pressure from energy firms

British business secretary Kwasi Kwarteng says the price cap will remain this winter despite calls by firms for a price hike to prevent more collapses as wholesale gas prices soar.

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