PRESS DIGEST-Financial Times - Nov 8 [Reuters]
J SAINSBURY PLC S/ADR (JSAIY)
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Source: Reuters
PRESS DIGEST-Financial Times - Nov 8 - Reuters 2 Min Read Nov 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Sajid Javid tears up borrowing rules but blocks big tax cuts on.ft.com/2PWLxqk Bank of England ready to cut rates if economy slows further on.ft.com/2pQz1hl Sainsbury’s chief warns of Brexit effect as profits plunge on.ft.com/34zQCZA Overview British finance minister Sajid Javid said a new Conservative government would set itself new borrowing rules and allow an extra 22 billion pounds ($28.19 billion) of public sector net investment a year, funded by borrowing at ultra-low interest rates, which would keep a tight limit on extra day-to-day spending or tax cuts. Bank of England said on Thursday it will be prepared to cut interest rates if the economy slows further, as it cut its growth forecasts to reflect a weaker global backdrop and the likely effects of Boris
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