Ten Things You Need to Know Today: 22 June 2023

The Week’s daily digest of the news agenda, published at 8am

1. Bank attacked as rate rise is due

The Bank of England is expected to raise interest rates for the 13th consecutive time today. After official data showed that inflation was stuck at 8.7% in May, the Bank is expected to announce a 0.25% rise in its benchmark rate from 4.5%. However, a bigger increase, to 5% is possible. The Bank is under pressure to “take tough action”, the FT reported, but The Times said that Jeremy Hunt’s economic advisers have “turned on the Bank of England” and accused it of “exacerbating the mortgage crisis facing homeowners”.

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