ALEX BRUMMER: Interest rate hikes are a right hook to the exchequer - This is Money

That the government should have bound itself so closely to the retail price index frankly is bonkers.

Right hook: Every time the Bank of England raises interest rates it delivers a body blow to the public finances A legacy of the financial crisis of 2008-09 and Covid-19 is that most of the world's a… [+4621 chars]

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