Cost of living squeeze will start to ease within WEEKS thanks to a 'sharp fall ... trends now
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The cost of living squeeze should start to ease within weeks, the Bank of England governor predicted last night.
Household finances are being crushed by a prolonged spiral of price rises with latest figures showing inflation still stubbornly above 10 per cent.
Rishi Sunak said yesterday his plan was to win the fight against inflation – 'the thing that's making people feel poor' – and consumers would 'feel a lot better by the end of the year'.
He was backed by Andrew Bailey, who in a major speech, predicted better times ahead. Other forecasters also painted a positive picture of the economy.
'We expect to see a sharp fall in inflation during the course of this year, starting probably in a couple of months or so from now,' the Bank governor told the London School of Economics last night.
The cost of living squeeze should start to ease within weeks, the Bank of England governor Andrew Bailey (pictured) predicted last night
Household finances are being crushed by a prolonged spiral of price rises with latest figures showing inflation still stubbornly above 10 per cent
On a visit to Essex, Mr Sunak said:
