“Unsackable” Jeremy Hunt looks set to stay as chancellor as Rishi Sunak eyes a Cabinet reshuffle while striving desperately to cut inflation eating into cash-strapped households’ budgets.
The Bank of England opted to raise interest rates for a 14th consecutive time to a new 15-year high of 5.25 per cent on Thursday, inflicting further pain on mortgage holders and other borrowers as it seeks to stem rising prices.
