The Chancellor acknowledged household budgets are stretched but insisted the plan to halve inflation ‘is working’.
“And it should be no surprise, despite the doubting from some. Latest figures show we have bounced back better than many other G7 economies and are one of the most attractive countries in the world to invest.”
Shadow chancellor Rachel Reeves said: “Jeremy Hunt’s comments are completely out of touch to the economic realities facing families across Britain. “After 13 years of economic failure the Conservatives crashed the economy and left working people worse off, with higher taxes, higher mortgages and higher bills.”
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