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LONDON DAILY ARCHIVE

Chancellor Hunt Vows to Tackle High Inflation, Even if it Means Raising Interest Rates to 5.5%

Chancellor Jeremy Hunt has stated that the government is committed to reducing inflation, even if it means raising interest rates to 5.5%.

26 May 2023 · 02:21 UTC

This is in response to the latest inflation figures, which show that inflation has fallen to 8.7%, but is still higher than expected.