The Bank of England has lifted UK interest rates to fresh 15-year highs as its long-running fight to control the rising cost of living continues.But signs that inflation has turned a corner have fuelled hopes that policymakers could soon take their foot off the gas over rate rises.

The Bank of England has lifted UK interest rates to fresh 15-year highs as its long-running fight to control the rising cost of living continues.But signs that inflation has turned a corner have fuelled hopes that policymakers could soon take their foot off the gas over rate rises.