Homeowners with a \u00a3300,000 mortgage face an annual increase of \u00a313,200 in mortgage payments by the end of 2023, new analysis shows.
that the "stickier that inflation seems to be", central banks - including the Bank of England - may be forced into taking "tougher action" to bring it back down.
As for how Rishi Sunak, who has promised to halve inflation in his five pledges, can take credit for falling inflation, Mr King said "it's convenient" but "not a bad thing to claim credit for" if there is confidence it will drop."If you think that the high energy and food prices of last year are going to drop out of the measure of inflation...it's convenient - it's something that happens.
"But if you are confident it will happen, it's not a bad thing to claim credit for when it's actually got nothing to do with you at all."Increase productivity and taxes may be cut, Hunt urges public sector - after Boris' jibe to 'be more Conservative'Mr Hunt has already signalled that he would be comfortable seeing the UK enter a recession if it meant bringing down inflation.
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