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Evening Standard
Evening Standard
World
Nicholas Cecil and Simon Hunt

Six per cent interest rate warning in ‘bumpy’ battle to halve inflation this year

Mel Stride Inflation Work and Pensions Bank of England UK Finance

A Cabinet minister on Wednesday braced Britain for more economic pain as he warned the battle to halve inflation by the end of the year would be “bumpy and difficult”.

Work and Pensions Secretary Mel Stride believes this target will be achieved by Bank of England action on interest rates and the Government’s fiscal policies such as “keeping on top of the level of wage increases”.

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