Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened
by Julia Kollewe from on (#6SBZ2)
US carmaker to lay off 14% of its European workforce
Sterling rose after the higher-than-expected inflation figures were released, as did the yield - or interest rate - on government bonds.
The pound rose as much as 0.25%, and is now marginally higher at $1.2687.
With inflation rising again, we need some serious action to tackle the root causes of the cost-of-living crisis.
For a start, that means taking on the profiteers who have driven sky high prices and bringing the energy system back into public hands.
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