Source: Bloomberg, 0:00

The key message from the Bank of England’s gloomy outlook is that the central bank is willing to accept ‘quite a bit of economic pain’ to bring inflation down, according Bloomberg’s Senior UK Economist Dan Hanson. He tells Caroline Hepker and Lizzy Burden that there is a risk of inflation becoming de-anchored later this year, while Bloomberg Political Reporter Joe Mayes discusses the promises being made by the Conservative leadership candidates to tackle the cost of living crisis.