The Chancellor has defended the Bank of England over rising inflation and denied the government is making its job more difficult.
In particular he denied the decision to raise VAT to 20% at the start of last month was making conditions harder for the Bank, dismissing its effect as a one-off. "I think any monetary authority can...
Services sector behind 'strong July'
MPC maintains rates 7-2
Fears shutdown could delay passage of financial services laws
Worsening global dynamics
Lost to Labour's Mick Whitley
Landslide win for Tories