Prime Minister Rishi Sunak said he understands that people will feel 'anxiety' following interest rate hike, adding that he's '100% on it' and it's 'going to be okay'.
said:"Clearly what's happened in the last couple of months makes that harder, of course it does. That goes without saying. But I've always said this would be hard.
Interest rates are set by the Bank independently of the government and impact the cost of borrowing money, while inflation charts how quickly prices are rising.
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