1 year ago
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As Bank raises interest rates again and big business greedflation pushes prices higher, the PM’s vow is a gamble
It was considered an easy win when Rishi Sunak promised to halve inflation by the end of the year. That was January, when most economic forecasters were predicting the story for the UK in 2023 would be marked by recession.
Month after month, the figures have confounded those forecasts. The economy has proved more resilient – though only because it is going sideways rather than contracting – and inflation rampant.
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