lots more on that on our website. now on bbc news, political thinking with nick robinson. hello and welcome to political thinking, a conversation with rather than an interrogation of someone who shapes our political thinking. this week, i ve been down to downing street to number 11 to speak to the chancellor, jeremy hunt, who s preparing his budget. he wanted to tell tory mps not to get ahead of themselves about the taxes that he could cut, but also to have a go at those who are saying he shouldn t cut taxes at all. all those organisations with acronyms the imf, the obr, the ifs. here now is my conversation with the chancellor. well, chancellor, thank you for having us here inside number 11 and a rather grand dining room. yes, welcome, nick, it s great to see you here. we re in 11 downing street, this is your office here, you host meetings and dinners in this particular room, but it is also your home what is it like living above the shop? well, the first thing is that i n
now on bbc news, political thinking with nick robinson. hello and welcome to political thinking, a conversation with rather than an interrogation of someone who shapes our political thinking. this week, i ve been down to downing street to number 11 to speak to the chancellor, jeremy hunt, who s preparing his budget. he wanted to tell tory mps not to get ahead of themselves about the taxes that he could cut, but also to have a go at those who are saying he shouldn t cut taxes at all. all those organisations with acronyms the imf, the obr, the ifs. here now is my conversation with the chancellor. well, chancellor, thank you for having us here inside number 11 and a rather grand dining room. yes, welcome, nick, it s great to see you here. we re in 11 downing street, this is your office here, you host meetings and dinners in this particular room, but it is also your home what is it like living above the shop? well, the first thing is that i never expected to be here. and as i
during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.rowe pric
chair to powell made clear during his press conference with us inflation running still well above the bank? 2% target, and itsjob is not yet done. figs and its job is not yet done. as an one and itsjob is not yet done. sis anyone can and itsjob is not yet done. is anyone can see, not a single person wrote down a rate cut this year, not i think it is at all likely to be appropriate if you think about it. inflation has not really down, it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. ~ .,, we re going to have to keep at it. most officials think two rate heights it. most officials think two rate heights are it. most officials think two rate heights are needed . it. most officials think two l rate heights are needed this year, perhaps starting as early as this month. wednesday s decision ushers in a new phase to battle prices and follows a path carved out by central banks in countries such as australia and canada which rece
johnson. so that s coming up. it is rishi sunak speaking at the launch of tech week, technically, but we will be on watch forjohnson mentions. that s all coming up. let s hearfrom you, mentions. that s all coming up. let s hear from you, 85058 on the text, 08085 909693 on the phones. this is the nation s phone ins. and we have got the news for you with bethan. a committee of mps who ve been investigating whether borisjohnson misled parliament about lockdown parties at downing street are to finish their inquiry today and decide when it ll be published. mrjohnson resigned as an mp on friday describing the committee as a kangaroo court after he saw an advanced copy. scotland s first minister humza yousaf is facing pressure to suspend his predecessor nicola sturgeon from the snp after she was arrested. ms sturgeon was questioned as part of a police investigation into the party s finances. she was later released without charge and insists she s innocent of any wrongdo