Rishi Sunak and Work and Pensions Secretary Mel Stride talk to community members during a visit to the Drewe Arms in Devon economists for “utterly irresponsible” and “nonsense” comments suggesting a vote for the Conservatives at the general election is a vote to cut interest rates.
Political policies that lower inflation can therefore have some influence on whether interest rates go down – such as keeping fuel duty down – but there are also many influences beyond the Government’s control, such as geopolitical factors. “The question of course is which of his policies does he believe actually are responsible since for doing so? He hasn’t told us. The reality is that it is the global fall in energy prices and interest rate hikes and he has done nothing at all to get inflation down. Zero.
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