Tories: Wage rises could keep interest rates higher

Mel Stride says he is concerned about “pretty high wage increases" across the public sector which he believes could mean interest rates remain “higher for longer”.

The shadow work and pensions secretary says he is not “overly concerned” about figures released by the ONS which show a rise of inflation to 2.2% for July.

Report by Blairm.

Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn