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Economy stuck between 'rock and hard place'

The Bank of England yesterday held UK base rates at 5% � a move which bore out the view of business leaders and economists that it had no other real option amid sharply-slowing growth and rampant inflation.

The Bank of England yesterday held UK base rates at 5% - a move which bore out the view of business leaders and economists that it had no other real option amid sharply-slowing growth and rampant inflation.