Rishi Sunak forced to acknowledge control of inflation lies with Bank of England
by Kiran Stacey and Heather Stewart from on (#6CDSC)
Chancellor agrees mortgage charter' to help borrowers but Labour says intervention is weak'
If the bosses of some of Britain's biggest banks were nervous as they entered Downing Street for a crunch meeting on the mortgage crisis on Friday morning, they were quickly reassured.
Jeremy Hunt hosted six executives and one senior regulator after a week of economic bad news, which saw inflation remain steady at 8.7%, the Bank of England raise the base rate to 5% and lenders continue to increase the costs of mortgage deals.
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