@Bellhookschild Just to add interest rates cannot slow supply side inflation and causes a feed back loop increasing inflation.
BOE do not have the tools to stop what is happening.
@Bellhookschild BOE caused it and has stated as such.
Welfare spending is increasing at an increasing rate that increase will cause more borrowing due to the shortfall in tax receipts from higher taxation on businesses.
OBR and IFS are full of smart but politically bias people.