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In a new report issued by the Treasury Select Committee, MPs warned that Britcoin's introduction could increase the chance of bank runs and put up the cost of borrowing.
The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.
Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
"Expected output price inflation has been gradually falling over the year," the survey noted.
New data from the Lloyds Business Barometer showed that business confidence in London rose nine points to 56 per cent in November.
"The way that we fund our public services over the medium is by having a healthy growing economy," Hunt said.
In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
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