UK inflation has reached its highest rate in 40 years, jumping from 7 per cent in March to 9 per cent in the year to April. With inflation hitting the poorest hardest, pressure is growing on the government to reverse its opposition to a windfall tax on energy profits.
Anoosh Chakelian is joined by the New Statesman‘s associate business editor Emma Haslett and senior associate editor Rachel Cunliffe to discuss the government’s lack of a plan to address the crisis, including the array of unhelpful “top tips” from ministers on how households can cope with spiralling costs, and to consider what else can be done.
Then in You Ask Us, a listener wonders if the Bank of England is being blamed for the government’s mistakes.
If you have a question for You Ask Us, email podcasts@newstatesman.co.uk
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[See also: Five ways the government failed to shield the UK from inflation]