At yesterday’s PMQs Sunak ignored another SNP Brexit question, and it is not the first time he has buried his head in the sand over Brexit’s damage to the UK economy.
The SNP’s Deidre Brock hit the PM with numerous examples of Brexit destroying the UK economy, and asked if he would apologise?
As if…
Filmmaker Peter Stefanovic wasn’t going to stand for that and created a new video holding the government to account.
Sunak ignored SNP Brexit question
Peter shared it and wrote: “At #PMQs today Rishi Sunak tried to rubbish claims made by SNP MP
“@DeidreBrock about the damage Brexit is inflicting on the UK economy – in sticking his head in the sand & pretending damage is not occurring the Prime Minister is not just completely insane but grossly negligent.”
Reactions
Rishi Sunak ignored the SNP Brexit question has angered many on social media.
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Mortgages
Also at yesterday’s PMQs Rishi Sunak claimed the government is “on track to keep reducing” inflation, while Keir Starmer accused the Conservatives of being to blame for “the mortgage catastrophe”.
It comes as core inflation (stripping out food, energy, alcohol and tobacco) rose in May.
Robert Peston tweeted: “Underlying or core inflation rose in May, by 7.1%, up from 6.8% in April, and the highest rate since March 1992; the services annual rate of inflation rose from 6.9% to 7.4%. Very bad news for anyone with a mortgage or any other debt. Interest rates will be higher for longer because these are the measures the Bank of England looks at when judging whether inflation risks becoming endemic.
“There is a serious risk that interest rates will be lifted tomorrow by 0.5%, double recent rises. This is at a time when the US Fed is pausing rate rises. There has been a massive policy failure in the UK. The reputation of the Bank of England is in serious jeopardy. And as I said last month, Sunak’s pledge to halve inflation this year is also looking in jeopardy – and he cannot blame “international factors” if he misses it. The troublesome part of UK inflation is home grown.”
He also tweeted: “Very difficult to see how the UK avoids recession towards end of year given outlook for inflation and interest rates. And the relatively steep inversion of the yield curve on UK government debt – shorter term interest rates now significantly higher than rates on longer maturities – is saying recession looms. Sigh.”
Interest rates
The bank rate is forecast to rise by at least a quarter of one percent, from 4.5% to 4.75%, but some in the City of London believe the BoE could unleash a half-point hike, to 5% – a level last seen in April 2008.
Related: Mick Lynch radio: Masterclass as he takes on all-comers – Keir included
