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The Indian company Tata decided to sell its entire steel business in Britain, putting more than 15,000 jobs in jeopardy. The buy-to-let business was squashed by the Prudential Regulation Authority imposing more stringent borrowing criteria in parallel with an increase in stamp duty from this month. The Bank of England’s Financial Policy Committee said that ‘the most significant’ domestic risks to financial stability were connected to the referendum on EU membership.
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