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Bank of England governor Andrew Bailey says persistently high oil and gas prices would make it hard to resist pressure to raise interest rates

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TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell its consumer and broadband arms as it seeks to save 900 jobs.

The telecoms company said on Friday it is in the final stages of sealing deals to sell its consumer business as well as its wholesale operation, PXC.