Finance
UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation
LONDON, Jan 18 (Reuters) – British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, however stated the federal government wanted to stay to its plan and take troublesome choices to deliver it down additional.
“Excessive inflation is a nightmare for household budgets, destroys enterprise funding and results in strike motion, so nevertheless powerful, we have to persist with our plan to deliver it down,” he stated in a press release.
“Whereas any fall in inflation is welcome, we now have a plan to go additional and halve inflation this yr, cut back debt, and develop the economic system – however it’s vital that we take the troublesome choices wanted and see the plan by.”
Reporting by William James; Modifying by Kate Holton
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