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Chancellor to support Bank of England’s decisions because ‘inflation is a source of instability’Business live: latest updatesJeremy Hunt said he will back further interest rate rises by the Bank of England, even if they risk plunging the UK into recess…
Former culture secretary says prime ministerial diaries ‘are frequently wrong’The government has announced that £7m is now available for grants to fund “policy-relevant research on how the conservation and sustainable use of biodiversity can help addre…
Boris Johnson letter complains process is ‘unfair’ towards him and confirms he is asking new lawyers to represent him. This live blog is closedAnd here is Suella Braverman’s apology, from her letter to Rishi Sunak. She says:I am deeply committed to all…
Inflation drops to 8.7% but food price increases remain close to 45-year highAnalysis: Failure to grasp inflation drivers will keep prices highUK inflation: which goods and services have risen most in price?Business live updates: latest newsThe Bank of…
UK ministers will use improved forecast to claim plans are working – but IMF also urged more action to protect vulnerable peopleJeremy Hunt was quick to welcome the International Monetary Fund’s improved economic forecasts. Britain was now on track for…
Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errorsFrom CPI to stagflation: how the UK tracks price rises and what key inflation terms meanThe Bank of England governor has insisted that inflation ha…
Exclusive: Statistics watchdog speaks to Treasury staff after chancellor conflates fall in debt with a less steep rise than first predictedUK politics live – latest updatesThe official statistics watchdog has reprimanded the chancellor, Jeremy Hunt, af…
Work and pensions secretary says his successor will have to ‘grasp nettle’ of bringing forward rise to 68Ministers will have to “grasp the nettle” on bringing forward the rise in the state pension age to 68 in the first couple of years of the next parl…
Latest 0.25 point hike marks 12th rise in a row as Bank battles stubbornly high inflationBusiness live: Rates hiked to 4.5% in battle against inflationExplainer: how will the rise affect you?Larry Elliott: what happens next?The Bank of England has rais…
Northern rail network to be run by state-owned operator of last resort when contract expires on 28 MayTransPennine Express (TPE) is to be run by the state after ministers announced that the failing rail company would not have its contract renewed.The t…