The Prime Minister made it clear that tackling soaring prices was his number one priority when he entered Downing Street barely 10 months ago.
In an upbeat message yesterday, his Chancellor Jeremy Hunt said they had proved the doubters wrong – and now planned to cut inflation even further.
He declared: “Our plan is working.
“The Government is unlocking the UK’s potential.”
But while the clamour in his party grows for immediate tax cuts, Mr Hunt warned this would not be possible until inflation is at 2 per cent. This means they are unlikely to take place this year. Urging patience, he said: “As we move into autumn, I know family budgets are still stretched, but inflation is coming down and now is the time to see the job through.
“We are on track to halve inflation this year and by sticking to our plan we will ease the pressure on families and businesses alike.”
Mr Hunt will throw everything into the battle to bring prices under greater control when he begins work tomorrow on an autumn financial statement designed to turbocharge the economy. New data last week showed that it is growing faster than expected.
Mr Hunt said: “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 in which to invest.
“This Government is unlocking the UK’s potential – attracting more investment, creating new jobs and growing the economy.”
This story is from the September 03, 2023 edition of Sunday Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 03, 2023 edition of Sunday Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Armchair viewers' blank afternoon
TEMPERATURES below freezing wiped out both of the ITV fixtures yesterday leaving viewers without any live racing to watch.
Kyrgios slams Sinner and will not be silenced
NICK KYRGIOS has warned he is not going “to shut up” about Italian hero Jannik Sinner’s failed drug tests in the build-up to the Australian Open.
Will power for Sarries
TOM WILLIS surged over for two tries to give England boss Steve Borthwick another compelling reminder that his Test debut is overdue.
NOW HAAL'S WELL AGAIN AT ETIHAD
THE crisis is officially over and normal service has resumed.
NWANERI ONLY HIGH SPOT FOR GUNNERS
Lacklustre draw deals title hopes fresh blow
Stroke victim meets cops who saved her
A WOMAN who had a cardiac arrest and stroke while driving and miraculously survived has been reunited with the officers who saved her life.
Mum's cash crisis after cancer bills
A MOTHER-of-three whose mouth cancer was missed due to Covid restrictions is now facing eviction after failing to pay bills during her two years of treatment and rehabilitation.
100 'jump dock' at court despite £7m safety drive
MORE than 100 prisoners have escaped custody by jumping out of the dock during the last seven years - despite a government-funded scheme to make courts more secure.
We must teach pupils why Britain is 'Great'
ALMOST from the moment the first child crossed the threshold and entered a classroom, governments, dictators and other political leaders have sought to use education as a means of indoctrination and controlling the population.
Half a billion in pensions to dead people
BUNGLING civil servants overpaid £511.8 million in state pensions and pension credits to dead recipients, and failed to claw back £256.8m of it over the past five years.
