Prime Minister Rishi Sunak faced stark calls for a general election if he failed to meet his inflation reduction target. Mr Sunak was berated in the House of Commons, with one MP dubbing him as "literally the worst person" to lead the nation through a cost-of-living crisis due to his alleged role in its creation.
During Wednesday's Prime Minister's Questions, the MP shrugged off the attacks from the Labour benches and criticized the Opposition's economic plans, asserting that he is "making difficult and tough decisions." Having previously pledged to halve the inflation rate by year-end, the Prime Minister now faces a formidable challenge.
The recent move by the Bank of England to raise interest rates has caused alarm for many households on variable or short-term fixed mortgages, as a stubbornly high inflation rate stands at 8.7%.
