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.
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Source: https://www.theguardian.com/business/2025/feb/19/bank-of-england-faces-bumpier-road-after-inflation-accelerates
