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With the Bank of England set to raise interest rates for the 13th time in a row later today, James Cleverly has insisted that the “idea that we should consciously be going into a recession” is not subscribed to by anyone in government. Mr Cleverly, the foreign secretary, insisted to Sky News that the Bank of England… Read more »
Reacting to figures today showing that inflation is stubbornly high, chancellor Jeremy Hunt said the new numbers “strengthen the case for the government to stick to its guns”. The new figures show the Consumer Prices Index (CPI) rose by 8.7 per cent in the 12 months to May, unchanged from April. Core inflation, meanwhile, which… Read more »
