Pound – live: Bank of England ‘will not hesitate’ to raise interest rates to curb inflation
Chancellor Kwasi Kwarteng says mini budget will benefit people ‘across the income spectrum’ Interest rates could be raised “as much as necessary” to control inflation, the Bank of England warned. His announcement came after the pound fell to an all-time low of $1.03 this morning. Markets have panicked over new Chancellor Kwasi Kwarteng’s mini-budget on …