Inflation, Bank of England, Interest rates, Business, Andrew Bailey, Economics, UK news, Rachel Reeves Business | The Guardian
Tough route also awaits Rachel Reeves as households reel from sharp increase in living costsUK inflation jumps to 3%Business live – latest updatesAndrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in January, the Bank of England governor could be in for a rockier ride than anticipated.For the chancellor, Rachel Reeves, too, it will be a tough road to travel having promised to achieve economic growth that can be “felt in people’s pockets” – amid the accusation Labour is leaving those pockets feeling lighter, not heavier. Continue reading…
Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs
Andrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in January, the Bank of England governor could be in for a rockier ride than anticipated.
For the chancellor, Rachel Reeves, too, it will be a tough road to travel having promised to achieve economic growth that can be “felt in people’s pockets” – amid the accusation Labour is leaving those pockets feeling lighter, not heavier.
