to work with the prime minister. let s speak to susannah streeter, financial commentator and broadcaster from hargreaves lansdown. what are they doing? well certainly we have had what are they doing? well certainly we have had a what are they doing? well certainly we have had a reduction what are they doing? well certainly we have had a reduction in - what are they doing? well certainly we have had a reduction in the - what are they doing? well certainly we have had a reduction in the uk. we have had a reduction in the uk government borrowing cost. those gilt yields have come down. this is significant because i think the reason why we have this budget brought forward to today was because, on friday, those borrowing costs were shooting up again and the pound had fallen back. even though the replacement of kwasi kwarteng by jeremy hunt was meant to instill confidence, didn t look as though that was happening on friday, then we have had, clearly, emergency talks over the weekend and
rates up it s gonna squeeze people leave a mark? rates up it s gonna squeeze people leave a mark? , . , , leave a mark? they have put them up b more leave a mark? they have put them up by more than leave a mark? they have put them up by more than we leave a mark? they have put them up by more than we expected leave a mark? they have put them up by more than we expected back i by more than we expected back in october. in part to reflect the fact that we are seeing notjust imported inflation but also growing domestic inflation but also growing domestic in the uk. energy prices are high at the moment, we do expect them to fall of the medium term. that helps to bring down inflation as we get beyond 2023 into the middle of the decade. inflation has a. growth falls below the bank of england. before returning to its 2% target over the medium term. that does mean that we do assume that interest rates go up in order to get those domestic inflationary prices in check. to domestic inflatio