The Governor of the Bank of England has explained the move to increase interest rates to 0.25 per cent, despite uncertainty over the impact of the Omicron Covid variant. <br /> <br />Andrew Bailey said: "We have to take the action that we think will do the job to address and tackle inflationary pressure … we just have to do that I'm afraid." Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
