Why has the inflation rate gone up again?

We've got some news today on the inflation rate, which rose to 2.2 per cent in July, slightly up from the Bank of England’s target of 2 per cent, where the rate sat in May and June. It’s the first rate uptick this year – and though widely expected, it will be used to explain why the Bank’s continued hawkish stance, despite starting its rate-cutting process earlier this month. Is this a sign of economic conditions improving? Could it lead the way to interest rate cuts later this year? Also today, the Treasury its under scrutiny after a Labour donor received a top civil service job. Do we need more transparency when it comes to political appointments? Oscar Edmondson speaks to Kate Andrews and James Heale. Produced by Oscar Edmondson.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.