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Rachel is concerned about playing her fiddle while the UK burns |
Rachel Reeves is sitting on the edge of the crater I'm watching the volcano erupt. throughout political history inflation has really Achilles heel of Labour.
Who is it to keeping inflation to 2%. They declared aim of the EU. And how do you control of inflation rates over to the Bank of England. In April the inflation rate was at 2.6 24% above the declared limit.
The uk Chancellor Stated that control of the authoritarian was there in the hands of the Bank of England. no longer her direct concern!
They are the direct concern For every chancellor. in May the UK annual inflation rate hit 3.5%. Though the increase of the month inflation rate was up bt 0.9%. Over 30% year on year.
This is back to the infration rate of the 1970s. When the inflation rate brought down Jonas Callahan. Increase the 3.5% is very noticeable!
Already the political press is having a field day. the Royal Chancellor insists that inflation is under the control of Bank of England. when the inflation rate is so obviously not under control! That inflation rate is very significant and getting worse.
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