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17:51Now PlayingRishi Sunak is failing to control rising inflation. Who is to blame?
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Read Will Dunn's report, The Age of Greedflationhow corporate profiteering is making us poorer
Interest rates and the cost of living are rising at a level “never seen before”, pressure is mounting on Rishi Sunak and the Conservatives, but who is responsible for the UK economy’s ‘profit led inflation’?
With households earning less money and food prices increasing, the Bank of England has failed to manage inflation. Despite increasing interest rates “12 times in a row”, the cost of the war in Ukraine is still “being passed on to the consumer”. Anoosh Chakelian - host of the New Statesman podcast - and Will Dunn - business editor of the New Statesman - discuss what this could mean for the Conservative party and the UK cost of living crisis.
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