Whitehall Pledges Support for Bank of England Ahead of Interest Rate Review

Chancellor of the Exchequer Jeremy Hunt speaking during the British Chambers Commerce Annual Global conference, at the QEII Centre, London, on May 17, 2023. Jordan Pettitt/PA Media

The government has pledged support for the Bank of England (BoE) in its mission to curb inflation.

Speaking after the publication of the latest GDP figures, Chancellor Jeremy Hunt attributed the 0.2 percent growth to the “underlying resilience in the British economy.”