The starting whistle has officially been blown in the “economic tug of war” between the Bank of England and Liz Truss’ government.

In a widely anticipated move, the BoE has raised interest rates by 0.5 basis points to 2.25 percent.

However, Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown, noted it was a smaller move than many expected.

Despite this, it is the seventh rise in quick succession and still shows determi...