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BNN Bloomberg: Stubbornly High Interest Rates Risk Squeezing the Life Out of UK Companies

The country's weak level of investment puts more weight on consumer spending, said John Van Reenen, a professor at the London School of Economics. “This becomes a 'doubly whammy' because "UK rates have risen more sharply and because Britain relies more on consumption", Van Reenen adds. 

Read more at BNN Bloomberg.