Governor Andrew Bailey has stated that the Bank of England could allow inflation to exceed its 2% target to support economic growth. The comments signal a potential shift in monetary policy focus towards broader economic stability rather than strict price control.

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Royal Mail failed to meet its annual performance targets for first and second class post during the 2023-24 financial year. The company cited significant operational challenges but maintained that service levels are improving following a £500m investment in its delivery network.

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