Hopes for a cut in interest rates were more or less snuffed out yesterday after it emerged that UK producer prices last month surged at their fastest pace in at least 22 years, raising fears the nation was now hurtling head-long into recession.
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Base rate cut hopes dashed by latest data
Hopes for a cut in interest rates were more or less snuffed out yesterday after it emerged that UK producer prices last month surged at their fastest pace in at least 22 years, raising fears the nation was now hurtling head-long into recession.
