finally, what about the government s pledge to halve inflation this year? getting to below here? when the prime minister set that pledge at the start of the year it looked like it was going to be comfortable, as you can see from the office of budget responsibility s march forecast the yellow line. but look at the outturn the red line. will it hit the target? it s going to be tight. so, stubborn uk inflation is going to be painfulfor everyone, the government, the overall economy but most of all for uk households. the non partisan institute for fiscal studies said today high borrowing costs was unquestionably going to cause serious difficulty for many families . let s talk now to charlotte towne, from surrey, who lives with her husband and daughter. they are high earners. theirfixed rate mortgage is due to expire early next year. based on the current rates being offered, it will increase by over £1000 every month. madalyn bielfeld from borehamwood
rates need to be so high and do my savour s rates need to be so low? i think there are serious questions that need to be asked and if i was the government i would be looking into what we can do about it saver s rates. into what we can do about it saver s rates. into what we can do about it saver s rates. muddling, do you think the banks saver s rates. muddling, do you think the banks should - saver s rates. muddling, do you think the banks should step - saver s rates. muddling, do you think the banks should step in, | saver s rates. muddling, do you i think the banks should step in, the government? 0r neither madalyn. is this the risk you take when you take out a mortgage? i is this the risk you take when you take out a mortgage? take out a mortgage? i feel the government take out a mortgage? i feel the government should take out a mortgage? i feel the government should be - take out a mortgage? i feel the government should be doing i take out a mortgage? i feel the g
let s talk to the shadow treasury minister abena 0ppong asare. thank you for being here. nobody wants it but do we need a recession to sort inflation out? i wants it but do we need a recession to sort inflation out? to sort inflation out? i think firstl , to sort inflation out? i think firstly. i to sort inflation out? i think firstly, i want to sort inflation out? i think firstly, i want to to sort inflation out? i think firstly, i want to say - to sort inflation out? i think firstly, i want to say what i to sort inflation out? i think i firstly, i want to say what i ve heard from madalyn and charlotte is extremely concerning and i know a lot of individuals tonight will be going to sleep really worried about their mortgages and losing their properties. as they mentioned, there are a number of factors that have put us in this situation which is obviously liz truss s budget. although interest rates were rising before that. but although interest rates were rising before that. .,
done. , , ,, .,~ feel there should be a lot more done. , , ,, ., done. sorry, rishi sunak has said on one of his missions done. sorry, rishi sunak has said on one of his missions is done. sorry, rishi sunak has said on one of his missions is to done. sorry, rishi sunak has said on one of his missions is to half - one of his missions is to half inflation by the end of the year, even he has no control over it and in speech tomorrow he will say he feels he has a deep moral responsibility to half it by the end of the year. responsibility to half it by the end of the year- responsibility to half it by the end of the year. they are ust words, i would like of the year. they are ust words, i would like to h of the year. they are ust words, i would like to see of the year. they are just words, i would like to see some of the year. they are just words, i would like to see some action. - of the year. they are just words, i would like to see some action. i i would like to see some