Inflation picture is concerning, British junior finance minister says ...Middle East

The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary to the Treasury Simon Clarke said on Monday. British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help to households and the Bank of England to keep raising interest rates despite a risk of recession.

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