BBCNEWS Newsnight June 4, 2024 21:47:00
When is inflation going to turn? it has turned in the us, it has turned in the euro area and the likelihood it will turn in the uk, it'sjust that it's taking longer for that process to feed through. but it has to be said that the uk inflation has repeatedly come in worse than the bank of england expected. and it is wary of being caught out again. rightly or wrongly, that points to further rate rises — and all the attendant consequences. we're nowjoined by sushil wadhwani, an economic adviser to chancellorjeremy hunt and tony yates, former head of monetary policy strategy at the bank of engla...