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Tuesday, Aug 04, 2026

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

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