Rishi Sunak on Cost of Living: ‘People should feel confident that we will get through this’

Daily Mail published this video item, entitled “Rishi Sunak on Cost of Living: ‘People should feel confident that we will get through this'” – below is their description.

Rishi Sunak on Cost of Living: ‘People should feel confident that we will get through this’. Chancellor of the Exchequer Rishi Sunak says he is working to ease inflationary pressures and is confident that ‘strong growth will return’. This comes shortly after the Bank of England raised interest rates to 1.25% which reflects soaring prices.

#RishiSunak #Inflation #CostofLiving

Daily Mail YouTube Channel

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About This Source - Daily Mail

The Daily Mail is a British daily middle-market newspaper and news website published in London in a tabloid format. Founded in 1896, it is the United Kingdom’s highest-circulated daily newspaper.

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In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.

His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.

Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.

Brief Biography Here.

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