The British Chancellor of the Exchequer, Jeremy Hunt, pointed out "The UK government is still on track to fulfill its pledge to halve record inflation this year, to about 5 percent," pointing out that "the government is making the right decisions in the long term for the British economy." "That's what we're doing, and we can see that the plan works."
Hunt stressed that "the government will work to reduce the inflation rate to around 5 percent by the end of this year."
The rise in consumer prices after the Corona pandemic and the outbreak of war in Ukraine pushed the inflation rate to its highest level in four decades at 11.1 percent last year.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
