The One With Faisal and Rachel Reeves
Newscast
00:00
The Bank of England May Rake Mortgage Rates Over 5%
I was very concerned about the inflation numbers that came out this week. We do have the highest inflation out of the G7 industrialized economies. In America, inflation is 4.9%, it's 8.7% here in the UK. I've been saying there needs to be a proper windfall tax on the huge profits the energy giants are making. Those are the windfalls of war. They should be taxed properly to help people with the cost of living crisis. That's why I want to build security into our economy to secure family finances and to make our whole economy more resilient. And unless we are arguing, there is a risk that investment and jobs will go to the US.
Transcript
Play full episode
