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a bit more persistent. so, in general the market s expecting maybe one or two more interest rate rises, up to about 5%. the fact we are not in recession probably doesn t change that thinking. the man in charge of the uk s economy has welcomed the rise. here s chancellor of the exchequer, jeremy hunt. these are much better figures than anyone would possibly have predicted even three months ago. that is partly because what the governor of the bank of england said yesterday. measures in the budget that are helping to help companies to recruit and tackle some of the underlying problems in the economy. but there is still much work to do. we still have inflation that is much too high, that is causing a lot of pressure forfamilies up and down the country. that is why we have to stick to our plan to get inflation down, to get growth up, and to get the economy motoring in the way that we all want. the uk remains the only g7 country in which the quarterly measure of gdp has not recover

Policy announcementsIndustrial policyInvestment bothSugar rushFood pricesInterest rate risesChancellor of the exchequerJeremy huntBank of englandInflation downGrowth upEconomy motoringLiving wageElectricity billsSexual assaultShadow minister