Rachel Reeves plans 'targeted action' on bills in Budget

Faisal IslamEconomics editorBBCChancellor Rachel Reeves has said she is planning "targeted action to deal with cost of living challenges" in next month's Budget.Speaking to the BBC in Washington, she said it was the job of both the government and the Bank of England to reduce inflation.The UK's inflation rate is forecast to be the highest among the G7 group of developed nations this year and next.The BBC…