Chancellor Jeremy Hunt confident 'inflation is coming down' and on track to be halved this year

Chancellor Jeremy Hunt is confident that his plan to reduce inflation in the UK is working and will alleviate financial strain on households, despite criticism from experts and opposition politicians. He believes that sticking to the plan and reducing inflation will ease the pressure on families and businesses and lead to economic growth. However, some Conservative colleagues may disagree with his focus on public sector productivity rather than tax cuts. Labour's shadow chancellor, Rachel Reeves, criticized Hunt for being out of touch with the economic realities faced by families and called for investment in the economy to benefit working people.

sky.com

Relevant topic timeline:

9/2/2023

Labour still cannot be trusted with the economy

The Chancellor of the Exchequer, Jeremy Hunt, highlights the conservative government's achievements in terms of supporting businesses, job creation, economic growth, and reducing debt, while criticizing the Labour Party's approach of increased spending without clear plans for funding, and emphasizes the importance of fiscal responsibility and supply-side reforms.

9/2/2023

UK finance minister Hunt says inflation is on track to come down By Reuters

British finance minister Jeremy Hunt has stated that inflation is expected to halve by the end of 2023, with the goal of easing pressure on household budgets and increasing productivity, as the government aims to boost optimism about the economy ahead of the expected elections next year.

9/11/2023

UK Pre-Election Tax Cuts Unlikely as Inflation Concerns Limit Options for Fiscal Stimulus

Jeremy Hunt has warned that high inflation rates in Britain will prevent tax cuts this autumn, as the Bank of England signals another rate rise to ease cost of living pressures. Hunt cautions against overstimulating the economy and pushing up prices by pumping extra money into consumers' pockets.

9/22/2023

UK's High Debt Levels Make Tax Cuts 'Virtually Impossible', Says Jeremy Hunt

Chancellor Jeremy Hunt says tax cuts will be "virtually impossible" until the UK economy improves due to high levels of national debt and the need to reduce inflation.

Topics

Posted 9/3/2023, 3:27:25 AM

Chancellor Jeremy Hunt confident 'inflation is coming down' and on track to be halved this year

sky.com

Relevant topic timeline:

9/2/2023

Labour still cannot be trusted with the economy

9/2/2023

UK finance minister Hunt says inflation is on track to come down By Reuters

9/11/2023

UK Pre-Election Tax Cuts Unlikely as Inflation Concerns Limit Options for Fiscal Stimulus

9/22/2023

UK's High Debt Levels Make Tax Cuts 'Virtually Impossible', Says Jeremy Hunt

Chancellor Jeremy Hunt says tax cuts will be "virtually impossible" until the UK economy improves due to high levels of national debt and the need to reduce inflation.