Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to that plan and dont veer around like a shopping trolley. We stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. So, jeremy hunt says the government is sticking to its plan. But this was the reaction from labours shadow chancellor, rachel reeves. The government need to take responsibility for the fact that inflation in the uk is much higher
higher savings for some. in the last half an hour, we ve had this reaction to the rate rise from the chancellor, jeremy hunt. well, of course any rise in interest rates is a worry for families with mortgages, for businesses with loans. but underneath that decision is a forecast that says that this time next year, inflation will be 2.8% and we will have avoided recession. what the bank of england governor is saying is that we have a plan that is bringing down inflation lay solidly, robustly and consistently. so the plan is working but what we have to do as a government is make sure we stick to that plan and don t veer around like a shopping trolley. we stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. so, jeremy hunt says the government is sticking to its plan. but this was the reaction from labour s shadow chancellor, rachel reeves. the government need to take responsibility for the fact that inflation in the uk is much h