The business secretary,Kwasi Kwarteng, has criticised the Bank of England’s control of inflation, saying 'clearly something's gone wrong' at the institution, as prices are predicted to rise by 13% and the UK is forecast to suffer an economicdownturn lasting more than a year.
Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub
As a key supporter of the foreign secretary,Liz Truss, Kwarteng’s comments suggest the Bank’s independent mandate to keep inflation at 2% may be re-examined if she should become the next prime minister
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg
Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition
Website ► https://www.theguardian.com
Facebook ►https://www.facebook.com/theguardian
Twitter ► https://twitter.com/guardian
Instagram ► https://instagram.com/guardian
The Guardian on YouTube:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian Australia ► https://bit.ly/guardianaussubs
Guardian Football ► https://bit.ly/gdnfootballsubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs