Rachel Reeves respects BoEs right to increase interest rates
Rachel Reeves respects BoEs right to increase interest rates

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.

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