Podcast Summary
Interest rates rise, TikTok banned, and transgender athletes excluded: The Bank of England increased interest rates, TikTok was blocked from parliament, and transgender women were excluded from female competitions, affecting various sectors including housing, politics, and sports.
The Bank of England raised the base rate of interest to 4.25%, the highest level in 14 years, in an attempt to combat persistent inflation. This decision will lead to increased costs for those with variable or tracker mortgages. Meanwhile, TikTok has been blocked from parliamentary devices due to cybersecurity concerns, potentially impacting political campaigns that rely on the platform's young user base. World Athletics has excluded transgender women who have gone through male puberty from female competitions, effective March 31st. In other news, a summary of Labour leader Sir Keir Starmer's tax payments revealed over £67,000 paid to HMRC in the last financial year. These are just a few of the key points discussed in today's podcast, sponsored by BT, which emphasizes the importance of reliable connectivity for businesses.
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