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Added on the 24/01/2022 14:33:14 - Copyright : Euronews EN
Members of the main Spanish trade and employment unions hold a demonstration protesting against the rising cost of living. Record inflation levels have fuelled growing anger with Spain's left-wing government as energy prices go through the roof. IMAGES
Hundreds of Nigerian workers across various sectors strike over the rising cost of living following the removal of the petrol subsidy. The nationwide walkout was called by the two main workers unions --the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) -- after talks with the government to extend the subsidy broke down. IMAGES
Demonstrators aligned with the group 'Don't Pay UK' gather outside London's King's Cross Station to burn mock bills in protest at the rising cost of energy. Chants of 'Can't pay, won't pay, we say don't pay' ring out, reflecting the group's advocacy of withholding payment of energy bills while prices remain at their current level. IMAGES
A nationwide strike by South Africa's largest labour unions unite over suffocating inflation, electricity blackouts and the rising cost of living across the country. The working class unites, blocking roads and demanding action by the government. IMAGES
The Bank of England's governor announces a cut to its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months. Andrew Bailey called it a "finely-balanced" decision, with policymakers agreeing on a cut by five votes to four. Bailey added, "we need to be careful not to cut rates too much or too quickly". SOUNDBITE
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
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