The fall in inflation means “we have turned a corner”, Treasury Chief Secretary Laura Trott said.
Official figures published on the eve of the Chancellor’s statement show that, although Government borrowing in October was higher than expected, the year-to-date figure is still below the amount the budget watchdog had forecast.
Mr Hunt has insisted he will be “responsible with the nation’s finances”, but his statement today will “focus on how we boost business investment and get people back into work”.
Ms Trott, the Chancellor’s deputy in the Treasury, defended the plans to get people off welfare and into jobs, saying it is the “duty” of those who can work to do so. The plans could see those with mental health or mobility problems told to search for work which is possible to do from home.
According to The Times, people could see their benefits reduced by £4,680 a year from 2025 as part of a significant tightening of welfare rules.
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