Interest rate rise expected
Interest rate rise expected after UK inflation shock
The Bank of England is expected to raise interest rates for a 13th consecutive time on Thursday as it tries to stop prices rising so quickly.
On Wednesday it was revealed that UK inflation had remained much higher than expected for the fourth month in a row and Karen Ward, a member of chancellor Jeremy Hunt's economic advisory council, told Today that the Bank had "been too hesitant" in its interest rate rises so far and called on it to "create a recession" to curb soaring prices.
Today鈥檚 Amol Rajan spoke to the Foreign Secretary, James Cleverly, about what the governments immediate plans were to tackle inflation. Nick Robinson spoke to the Shadow Chancellor, Rachel Reeves, about what approach a Labour government would take to slowing the rapid rise in prices.
(Image, Bank of England, Credit Yui Mok PA)
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