The Bank of England has delivered a stinging rebuke to the Labour government’s economic strategy, slashing interest rates to 4pc and warning that Chancellor Rachel Reeves’s tax hikes are fuelling a fresh wave of inflation that threatens to prolong the cost-of-living crisis. In a highly unusual move, Governor Andrew Bailey was forced to re-run the … Continue reading Bank of England Sounds Alarm on Reeves’s Tax Rises Driving Up Inflation