Rishi Sunak is in a bind over inflation writes BBC's Chris Mason
Let me take you to Northampton, in October 1989. It's forYou can easily imagine some of his words then being used by Jeremy Hunt, the current chancellor, now.
Sir John spoke then, very candidly, about a timeless economic and political trade-off, between inflation and interest rates. Another added that it was about time that savers could get some returns on their savings, even if, for now at least, those returns remain below inflation.
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