Rachel Reeves respects BoEs right to increase interest rates

By : ODN

Published On: 2023-02-02

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Rachel Reeves says she "respects" the independence of the Bank of England after they raised interest rates to 4% on Thursday, saying: "It's their job to meet the inflation targets through changes in interest rates." The shadow chancellor also condemns Shell's record £32 billion profits in 2022, which she says are "the windfalls of an illegal war in Ukraine". Report by Wardl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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