Take It Easy: Chancellor's Advisers Fear Bank of England May Overdo Rate Hikes

Bloomberg has learned that a majority of the Chancellor's Economic Advisory Council believe the Bank of England risks raising interest rates too much in the coming months, which they fear could push the UK into an unnecessary recession. Our senior UK economy reporter Philip Aldrick brings us details. Meanwhile, the Lord's Economic Affairs Committee has been thinking about the Bank of England's independence in its latest inquiry, which has just finishing gathering evidence. Committee Chair Lord Bridges joins us to discuss. Hosted by Caroline Hepker and Stephen Carroll.

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