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...moved money to savings accounts in a fiercely competitive market....
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...However, the building society said it would not make “material changes” to Virgin Money’s staff count in the first year after completion....
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...The market-implied likelihood of the first rate cut occurring in May fell to 55 per cent from 80 per cent....
...The measure, first launched in 2016, was reintroduced by the BoE in 2020 to provide funding at costs close to the base rate and ensure small businesses did not collapse....
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