The former chancellor has tried to project his financial nous and attention to detail as reasons the public can trust him to bring down both price growth and the Bank of England’s base rate.
Mr Sunak made his primary pledge at the start of 2023 to “halve inflation” from just over 10% to around 5% by the end of the year.
Speaking from the warehouse, Mr Sunak said: “Yesterday you would have heard some news about inflation, today you may have seen what the Bank of England has announced with interest rates.
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“I’m sure that actually fills many of you with some anxiety and some concern about what’s going on and what that means for you and your families.
“I’m here to tell you that I am totally, 100%, on it and it’s going to be OK and we are going to get through this.”
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Asked by Sky News if he accepted that his approach to the economy – keeping public pay low, shying away from tax cuts and promising to halve inflation – would hurt his electoral chances, Mr Sunak remained stoic.
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11:04
How will we control inflation?
He said that meeting his target has “of course” got harder, “but it’s certainly not impossible”.
The prime minister said that public will be able to judge him in “six months, nine months, a year” on how he is doing and whether the economy is healthier.
Earlier in the day, he said that halving inflation by the end of year is “hard but not impossible”.
Mr Sunak was speaking to the Times CEO summit shortly after the surprise hiking of interest rate.
Mr Sunak said: “Clearly what’s happened in the last couple of months makes that harder, of course it does. That goes without saying. But I’ve always said this would be hard.
“It’s clearly become more challenging and it’s clearly become harder, but it’s not impossible and we’re throwing absolutely everything at it, and that’s what I’m doing.”
He said earlier that “clearly it’s got harder over the past few months” to bring down inflation.
Interest rates are set by the bank independently of the government and impact the cost of borrowing money, while inflation charts how quickly prices are rising.
Image: Rishi Sunak and Andrew Bailey. Pic: Twitter/Rishi Sunak
Speaking to journalists during the daily briefing, the prime minister’s spokesman said Mr Bailey still had Rishi Sunak’s support.
He was repeatedly asked if the central bank chief was doing a good job in tackling inflation, but did not respond in the affirmative.
This took place shortly before the surprise interest rate hike.
The Number 10 spokesman said: “The prime minister thinks it is important that we continue to support the bank in the work they are doing.
“You’re aware that there’s an independent process for setting interest rates, and we continue to work closely with them and work well with them to bring down inflation.”
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An Afghan man who worked for the British military has told Sky News he feels betrayed and has “completely lost (his) mind” after his identity was part of a massive data breach.
The man, who spoke anonymously to Sky News from Afghanistan, says he worked with British forces for more than 10 years.
But now, he regrets working alongside those troops, who were first deployed to Afghanistan in 2001.
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1:59
Afghans being relocated after data breach
“I have done everything for the British forces … I regret that – why (did) I put my family in danger because of that? Is this is justice?
“We work for them, for [the] British, we help them. So now we are left behind, right now. And from today, I don’t know about my future.”
He described receiving an email warning him that his details had been revealed.
He said: “When I saw this one story… I completely lost my mind. I just thought… about my future… my family’s.
“I’ve got two kids. All my family are… in danger. Right now… I’m just completely lost.”
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The mistake by the Ministry of Defence in early 2022 ranks among the worst security breaches in modern British history because of the cost and risk posed to the lives of thousands of Afghans.
On Tuesday, a court order – preventing the media reporting details of a secret relocation programme – was lifted.
Defence Secretary John Healey said about 6,900 Afghans and their family members have been relocated or were on their way to the UK under the previously secret scheme.
He said no one else from Afghanistan would be offered asylum, after a government review found little evidence of intent from the Taliban to seek retribution.
But the anonymous Afghan man who spoke to Sky News disputed this. He claimed the Taliban, who returned to power in 2021, were actively seeking people who worked with British forces.
“My family is finished,” he said. “I request… kindly request from the British government… the King… please evacuate us.
“Maybe tomorrow we will not be anymore. Please, please help us.”
This week, Yalda and Richard discuss Donald Trump’s big decision to send weapons to Ukraine through NATO. Why has he changed his mind?
Yalda gives her take on the situation and why she thinks Trump is following a similar position to presidents before him when it comes to Russian leader Vladimir Putin.
The two also discuss the UK’s secret Afghan immigration scheme after a massive data leak and gagged media. But how serious is this for those people still stuck in Afghanistan trying to flee the Taliban?
To get in touch or to share questions, email theworld@sky.uk
Towering waves, freezing temperatures and even some inquisitive killer whales. Iceland is doing its best to defeat Ross Edgley.Â
Inspired by “Thor”, the British extreme athlete is in the middle of a challenge worthy of the Norse god – spending four months swimming 1,000 miles around the whole of Iceland in the name of science.
And while it comes with its challenges – a video of parts of his tongue falling off because of the salty sea water went viral – there have also been moments of beauty in the rugged Viking landscape.
“We’re on the northern coast right now,” Ross tells Sky News as he prepares to get back in the water.
“There’s nothing to stop the wind coming from the Arctic, and it’s just smashing into the north of Iceland. We’re miles out, just like a bobbing cork getting absolutely battered.”
Image: Ross is making his way around Iceland clockwise after setting off from Reykjavik
But the punishing cold as 39-year-old Ross swims 30km (18 miles) a day around Iceland is something else.
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“The body just takes a consistent battering,” he says, characteristically cheery and enthusiastic despite everything.
“You just do your best to keep it in some sort of shape, controlling the inevitable breakdown of your body, hoping that you get back into Reykjavik.”
Image: Some of the injuries Ross has picked up so far, and the salt water hinders healing
He’s eating between 10,000 and 15,000 calories a day – with pasta and his new favourite Icelandic liquorice as menu staples – just to keep going.
“You’re basically running through all of that food – I’m constantly saying it’s basically just an eating competition with a bit of swimming thrown in,” he chuckles. “But that’s genuinely what it is.”
His average day – storms permitting – sees Ross getting up and swimming for six hours, resting for six hours, and then getting back in the water to swim another six hours.
“You just do that on repeat. It’s really simple in theory, but brutal in reality.”
Image: Ross is covering about 18 miles (30km) a day
To get ready for the cool Icelandic waters, Ross took inspiration from animals that have made it their home for thousands of years: whales and seals.
“I ended up putting on about 10-15 kilos of just pure fat. A bit of muscle as well but a lot of fat.
“When you look at what sort of animals survive in Iceland, there’s that idea of sea blubber. You want insulation, you want body fat.”
Perhaps unlike a seal however, Ross takes great care to defend the reputation of the killer whales that hunt in Icelandic seas.
“We’ve seen a lot, pods of them have come by and checked me out, wondering what the strange Englishman was doing in Icelandic waters, and then we went our separate ways.
“I want to combat some of the bad PR that orcas might have because there’s never been a verified case of an orca attacking a human in the wild. It just doesn’t exist.
“They’re amazing animals that deserve our respect and shouldn’t be feared.”
Image: Ross back on board his support boat after swimming
There’s also a big scientific focus for Ross’s challenge as well.
“If we achieve this, it will achieve so much in terms of sports science – the first person to swim around Iceland. But that wasn’t a big enough reason to do it.”
Ross spoke to scientists who said that if he was “crazy enough” to want to do the swim, he would be able to collect daily samples of environmental DNA in the water, as well as levels of microplastics.
“By the end we’re just going to have this map of biodiversity around the whole coast of Iceland in a level of detail we’ve never really seen before. It’s going to be so comprehensive.
“So I think as the legacy of this swim, records and everything will be nice, but I actually think the science and the research that we contribute and give back will be unbelievable and actually make the chafing and losing parts of my tongue worth it.”
The swim is being paid for by a mix of sponsorships and self-funding.
Image: Ross Edgley is swimming 1,000 miles around Iceland. Pic: James Appleton/BMW
Ross says he was inspired to take on the challenge in part by actor Chris Hemsworth and his role as the Norse god Thor, joking that the feat would be the closest thing to swimming around Asgard, the realm of the deities from ancient Scandinavia.
As he makes his way around the island, he gets to meet a local community where stories of Nordic gods are still an important part of life.
“It’s amazing, we’re just hearing these stories of Nordic folklore, sagas written about every single fjord we go around. It’s unbelievable.”
Image: Ross and his team rest on land between swims
Fresh off one marathon swimming session, Ross and his team jumped into action to help the local community rescue 30 stranded whales.
“The team were absolutely exhausted… but having rescued the whales was the most rewarding moment as well.”
Image: A moment of downtime on the boat. Pic: Ross Edgley/YouTube
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