Bank of England faces bumpier road after inflation accelerates
Tough route also awaits Rachel Reeves as households reel from sharp increase in living costsUK inflation jumps to 3%Business live – latest updatesAndrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in January, the Bank of England governor could be in for a rockier ride than anticipated.For the chancellor, Rachel Reeves, too, it will be a tough road to travel having promised to achieve economic growth that can be “felt in people’s pockets” – amid the accusation Labour is leaving those pockets feeling lighter, not heavier. Continue reading...
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Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs
Andrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in January, the Bank of England governor could be in for a rockier ride than anticipated.
For the chancellor, Rachel Reeves, too, it will be a tough road to travel having promised to achieve economic growth that can be “felt in people’s pockets” – amid the accusation Labour is leaving those pockets feeling lighter, not heavier. Continue reading...
