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Bank of England predicts rising inflation and real income slow down

Mark Carney, Governor of the Bank Of England, announced that it expects inflation to hit 2.75% by the end of 2018, as well as food, energy and clothes prices rising even faster with wages not keeping up. For now interest rates remain the same but post-Brexit growth will be faster this year than the Bank previously predicted. Nov 3, 2016

New £5 note made available to the public

The Bank of Enlgands new £5 note has been announced, which for the first time in British history is made out of polymer. The switch to the longer-lasting notes will save roughly £100 million as the notes are waterproof, crinkle proof and tear resistant. The old £5 bill, which carries a picture of social reformer Elizabeth Fry, will remain in circulation until next year but it will cease to be legal tender on 5 May 2017 Sep 14, 2016