Rishi Sunak said there is 'no alternative' to tackling inflation other than raising interest rates as he told Brits feeling the pinch to 'hold our nerve.'
The Bank of England last week piled pressure on mortgage-holders as they raised interest rates to the highest level in nearly 15 years.
The central bank issued its 13th interest rate hike in a row, this time by half a percentage point from 4.5% to 5% in the sharpest increase since February.
