Bank of England hikes interest rates again and declares UK banks 'resilient'
The failure of Silicon Valley Bank and bail out of Credit Suisse were evidence higher interest rates can hurt banks and their customers, writes Joel Hills.
Joel Hills
Business and Economics Editor
Follow @itvjoelJoel leads all business and economics coverage and provides in-depth analysis of the latest business stories on the agenda, both in the UK and around the world.
More interest rates rises needed to tame inflation, warns ex BoE policy-maker
Sushil Wadhwani said there is evidence suggesting that companies are raising rates of pay in a way that will make reaching the BoE's inflation target difficult.
Fuel duty freeze and energy subsidies give billions to those who don’t need help
Experts say the government should stop subsidising high-income household's energy support adding they can 'afford to take a temporary hit”.