Rising inflation will continue to cause political headaches for the government, but also for the Bank of England
- Written by Paul Whiteley, Professor, Department of Government, University of Essex
Rising prices.Ink Drop/ShutterstockThe Bank of England raised its main interest rate for the eleventh time in a row to 4.25% at its March meeting. At its previous meeting in February the Bank was optimistic about the prospects for inflation in the coming year, saying: “We expect inflation to fall quickly this year.”
But in-between...
