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The Independent UK
The Independent UK
National
Sophie Wingate

Sunak warns ‘no alternative’ to curbing inflation as he defends rates hike

Inflation ​​Rishi Sunak Bank of England
PA Wire

Rishi Sunak has urged cash-strapped Britons to “hold our nerve” with interest rate hikes as he stressed “there is no alternative” to stamping out inflation.

The Prime Minister said “inflation is the enemy” as he defended the Bank of England’s decision to raise interest rates to a 15-year high last week, piling pressure on mortgage-holders.

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