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LONDON DAILY ARCHIVE

Lord Lamont praises Hunt's long-term approach to inflation and interest rates

Lord Lamont, a former chancellor, praised Jeremy Hunt, Chancellor of the Exchequer, for taking a long-term view on inflation and interest rates.

26 May 2023 · 21:30 UTC

Lord Lamont criticized the Bank of England for overreacting to COVID and reducing interest rates too much, which caused inflation to rise to a 30-year high.