Rachel Reeves showed that not only inflation is raised higher today, since she was seen on television defending her economic record in a strange falsest.
An unfortunate technical error meant that the response of the Foreign Foreign Minister to a dramatic increase in prices was delivered in a tone more similar to Mickey Mouse.
The episode left Sky News Wilfred Frost, son of Sir David, briefly stunned before saying: ‘I think we have a problem …’
Mrs. Reeves said: ‘Today’s numbers are clearly disappointing. We want inflation to decrease after the cost of living challenges that people have gone through these last years. »
His voice was completely silenced when the transmission leaders realized that things were going wrong.
The failure caused hilarity in social networks, with users who compare the increase in the voice of Mrs. Reeves with the policies of the Labor Party that have caused ‘National Debt Globation’.
In statements to Sky News, Mrs. Reeves said: ‘Today’s numbers are clearly disappointing. We want inflation to decrease after the cost of living challenges that people have gone through these last years »
His voice was completely silenced with the audience that was guessing what he had to say when the transmission leaders apparently realized the error
The episode left Sky News Wilfred Frost, son of Sir David, briefly stunned before saying: ‘I think we have a problem …’
Mrs. Reeves faced music after the main CPI rate shot from 2.6 percent in March to 3.5 percent last month, a peak not seen since January 2024.
Occoriously, it was significantly more than analysts of 3.3 percent in which they had made a canvas, with Mrs. Reeves recognizing that the figures were «disappointing» and their national insurance increases were partly guilty.
The central ICC, excluding energy, food, alcohol and tobacco, was also at the highest for a year.
The bleak data will boost the concerns of the Bank of England about the underlying pressures, with the chief economist Huw Pill already warned that interest rate cuts have been too fast.
The experts immediately suggested that Threadneedle Street could stop the reductions at the next meeting of the Monetary Policy Committee next month. The bank had predicted that inflation would exceed 3.5 percent in the third quarter of the year.
The peak occurs after the Ofgem’s energy price limit increased 6.4 percent in April, as it fell a year earlier.
That was along with a series of promotions for homes with difficulties, including high increases in water charges, council taxes, mobile and broadband tariffs.
Meanwhile, work NICs and minimum wage increases will have been the pressure in the system.
The National Statistics Office (ONS), the general general director of Fitzner, said: ‘significant increases in household bills caused inflation to rise abruptly.
‘Gas and electricity invoices increased this month compared to acute falls at the same time last year due to changes in Gem’s energy price limit.
«Water and sewerage invoices also increased strongly this year, as well as the special vehicle tax, which brought the headline rate to its highest level since the beginning of last year.»
Mrs. Reeves said: ‘I am disappointed with these figures because I know that the cost of living pressures are still weighing working people.
‘We are very far from two -digit inflation we saw under the previous administration, but I am determined that we are going more and faster to put more money in people’s pockets.
«That is why we have increased the minimum wage for millions of workers, the duty of frozen fuel to protect travelers and reach three commercial agreements in the last two weeks that will be used to cut invoices.»
When asked if the inflation figures had been uploaded by measures, including the nick’s walk, Mrs. Reeves said: ‘When I became a chancellor last year, I faced the very difficult challenge that there was a black hole of £ 22 billion in public finances.
‘We had to fix that, and if we had not done the Bank of England could not have reduced interest rates four times this last year, which has obviously had a direct effect on mortgages and income that people pay.
‘And also that money that we collect from the National Insurance, but also taking energetic measures against non -domestic, VAT, VAT – in private schools, the increase in capital gains, particularly in private capital companies, which money has entered our National Health Service, so waiting lists and waiting times are decreasing after the spiral out of control in recent years.
«So I recognize that all policies have consequences, but if I had not acted to stabilize public finances, today we would be in a worse position.»
However, Sir Mel Stride Shadow Chancellor blamed Mrs. Reeves directly for the walk in inflation.
He said: ‘The news of this morning that inflation has increased, and now well above the 2 percent target, it is worrying for families.
‘We leave the workforce with inflation in the objective, but the bad economic management of the work is increasing the cost of living for families, in addition to the coup of £ 3,500 for households of the chancellor’s harmful jobs.
‘The highest inflation could also mean that interest rates remain higher for longer, reaching family finances with force.
«Families are paying the price for the labor chancellor elections.»
Speaking at an event held yesterday in Barclays in London, Pill said that the rhythm of interest rates reductions since August last year has been «too fast.»
He said that the progress of ‘disinflation’ was partly a sign that the ease of monetary policy, which means that rates decreased, was working.
«And in my opinion, that withdrawal of the policy restriction has been working too fast in recent times, given the progress achieved so far with the inflation to point on a lasting basis.»
«I’m still concerned about updating risks to achieve the target of inflation,» he added.
Pill, who is a member of the Bank’s monetary policy committee (MPC), was one of the members to vote against the reduction rates to 4.25 percent, instead, preferred to leave them unchanged.
The bank’s base rate has decreased from a peak of 5.25 percent, when it became trying to calm inflation throughout the United Kingdom.
He said his vote to keep interest rates at this month’s policy meeting was more a «jump» than a «detention» in tariff cuts.
This reflects its opinion that the «Rhythm of Reduction of the bank rate must be» cautious «, which is executed slower than the 25 PB (basic points) by quarter that we have implemented since last August,» said the economist.
‘That requires a’ jump ‘in that quarterly pattern at some point. And I decided that the May meeting was an appropriate time for that ‘jump’ ‘.
Meanwhile, Mr. Pill emphasized that he was concerned about the persistence of inflation, which means that prices are raised high, which would mean that «the economy should direct a little fresher.»
The bleak data will boost the concerns of the Bank of England about the underlying pressures, with the chief economist Huw Pill already warned that interest rate cuts have been too fast
«That is an awkward message, but it can be an important message for policy formulators with inflation objectives to normalize,» he said.
‘I am worried about the fact that inflation has remained stubbornly high, and salary dynamics have remained stubbornly strong, even when the activity has been relatively disappointing … in the last two or three years.
«So that worries me … And I think that influences the way he vote in the committee as an individual.»
Daniel Casali, Protesta Head of Investments of Wealth Evelyn Partners manager, said: ‘This acceleration in inflation for April was driven by a triple shake of factors. One of the large increases in indexed and regulated prices, including mobile phones, the special tax and water and energy invoices.
‘Two, a Easter weekend later than usual, which raised the prices of air tickets and accommodation, and three, the companies that transmit national national insurance contributions (Ni) of the highest (ni) employers (ni) higher to consumers …
«If inflation exceeds expectations, as today’s figure suggests that it could, the MPC could delay a greater reduction of interest rates in its next meeting on June 19, particularly if the news about the real economy remains stable.»
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