Image caption,Meanwhile, the Financial Times reports Rishi Sunak has been accused of losing £11bn of taxpayers cash paying too much interest servicing the government's debt. It says calculations by the National Institute of Economic and Social Research show the losses stems from the chancellor's failure to take out insurance last year against interest rate rises on almost £900bn of reserves created by the quantitative easing process.

Source: The Times June 10, 2022 04:52 UTC