Speaking to Andrew Marr on LBC, Chancellor Jeremy Hunt said today's interest rates decision was "absolutely" good news for families.
"The fight against inflation never happens in a straight line," he added. "We are finally starting to win this battle." Protesters dressed in masks of Rishi Sunak and bank logos handed money sacks to each other in a demonstration outside the Bank earlier, with one holding a placard calling for taxes on banks.Bank of England governor Andrew Bailey said: "Inflation has fallen a lot in recent months and we think it will continue to do so. That's welcome news.
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