Rishi Sunak tells homeowners and businesses worried about rising interest rates to ‘hold their nerve’ and trust his plan.
Homeowners and businesses worried about rising interest rates just need to ‘hold their nerve’,The prime minister stressed there is ‘no alternative’ to letting repayments on mortgages and other loans creep up in the fight against inflation.Mr Sunak told the BBC Sunday withprogramme: ‘I want people to be reassured that we’ve got to hold our nerve, stick to the plan and we will get through this.’
Since the Bank of England is independent of the government, the only parts of the PM’s cost of living ‘plan’ directly under his control are public spending and taxing – neither of which are changing. The government is reportedly set to block demands for wage rises of more than 6% for public sector workers, arguing that higher salaries would fuel more inflation.
Mr Sunak added: ‘When it comes to public sector pay I’m going to do what I think is affordable, what I think is responsible.supports HTML5 videoBy making borrowing more costly and saving more worthwhile, many economists believe the rate rise will slow down spending and stop prices rising so quickly.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Rishi Sunak urges people to hold their nerve on interest ratesThe Prime Minister continues to back the Bank of England as mortgage pressure rises for homeowners.
Consulte Mais informação »
Tories from windiest seats call for Rishi Sunak to lift ban on on-shore turbinesTory MPs from some of England’s windiest constituencies have called for the Government to lift its de facto ban on on-shore wind energy 💨 CapurrodDaniel reports
Consulte Mais informação »
Rishi Sunak's concern over volatile Russia situationThe UK prime minister is watching events closely, as the government holds an emergency planning meeting.
Consulte Mais informação »
'A Parallel Universe': Rishi Sunak Skewered By Laura Kuenssberg Over NHS And The EconomyThe prime minister has insisted that 'it's going to be ok'.
Consulte Mais informação »
Rishi Sunak hints he could overrule public sector pay rises for doctor, nurses and teachersThe Prime Minister has hinted he is prepared to overrule public sector pay review bodies in a bid to prevent pay rises from stoking inflation eleanormia reports
Consulte Mais informação »