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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