NEW Chancellor Jeremy Hunt yesterday warned of more tax rises and deep spending cuts as he scrambled to save the economy. And in a further blow, the Bank of England warned interest rates would go u…
, he warned: “My best guess is that inflationary pressures will require a stronger response than we perhaps thought in August.
”Mr Bailey revealed he had “an immediate meeting of minds on the importance of stability and sustainability” during talks with Mr Hunt.pointed to the “grotesque chaos of a Tory PM handing out redundancy notices to her own chancellor”.
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