City braces for sharp hike in UK interest rates this week – business live

LIVE – Updated at 13:24 Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, as policymakers try to get to grips with

soaring inflation.   13:24 Strike News 3: More than 60 workers at Quorn’s meat free paste production factory in Billingham, will strike on 30 September and 1,

2, 4, 5, 6, 7 and 8 October. Workers have rejected a 4% pay offer plus a £1,000 bonus. They voted to strike after the company refused to meet their demands of

a nine per cent pay rise, which was the RPI inflation rate in April, when negotiations began.   13:22 Strike News 2: HGV drivers and shunters at Mullers’

Stonehouse factory in Gloucestershire are beginning a fresh round of strike action this week over imposed rota changes. The Unite union says the walkout could disrupt

deliveries of milk and other dairy products to M&S and Waitrose stores. Nearly 70 staff at the plant have taken nine days of strike action since 25 August, over rota

changes which Unite says are detrimental to their quality of life. Further strikes are now planned for 22, 23, 24, 29 and 30 September and 1 October. Unions

launch legal challenge against UK government to protect right to strike 13:15 Strike News 1: A group of British trades unions are starting legal action against the UK

government over its new law allowing employers to hire agency workers to replace striking staff. The TUC and Unison are bringing separate cases following widespread anger

over the change in the law, which was announced earlier in the summer following industrial action on the railways.