set to raise interest rates yet againBritain’s economic growth has been unexpectedly strong, reducing the risk of a recession this year with GDP growing by 0.2 per cent in April.
A senior Government source said that Rishi Sunak and Mr Hunt would prioritise the fight against inflation through limiting public-sector pay rises and backing the Bank of England to continue its interest rate rises. The source toldThe Chancellor said: “We will always try and do everything we can to support families going through difficult periods and support families facing additional mortgage pressures. But we know that the best help we can give them in the long run is to bring down inflation.
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