BBCNEWS BBC News Special June 4, 2024 14:31:00
Are going through the pain of higher inflation. that means higher energy bills and wage packets, wage bills being paid by those public services when they went set in that context. so it is really difficult. that is the reason why the government has done a u—turn on its entire approach and said we will have to reduce the pressure on the treasury to reduce public spending by not going ahead with these tax cuts and that will also reduce the pressure on the bank of england to raise interest rates. i think, torsten bell, stay with us for a moment. i think, torsten bell, stay with us fora moment. ...