Brits could face 'apocalyptic' food price rises and fuel bill shocks
But boss
, 63, insisted he was helpless to defend against sky-high inflation — set to hit ten per cent by the end of the year.Andrew Bailey, 63, insisted he was helpless to defend against sky-high inflation — set to hit ten per cent by the end of the yearTop Tories have criticised the Bank for letting inflation spiral out of control, with Mr Bailey accused of being “asleep at the wheel”.
But he claimed his team could do little to combat the economic crisis squeezing millions and insisted: “We can’t predict things like wars.” Ukraine — one of the largest producers of wheat, maize and cooking oil — cannot get products out of the country due to the Russian invasion.
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