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Daily Mirror
Daily Mirror
Politics
Ben Glaze

Bank of England chiefs ambushed over rocketing inflation and interest rate hikes

Senior MPs and top Bank of England officials became embroiled in bitter clashes today over who was to blame for sky-high inflation.

Tories on the Commons Treasury Select Committee ambushed Bank Governor Andrew Bailey and his two deputies over the cost-of-living crisis and climbing interest rates which have clobbered millions of families.

They accused the trio of being too slow to realise inflation, now running at 10.1%, was rocketing - and failing to act quickly enough to bring it closer to its 2% target.

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