The PM has promised to halve inflation, but after shock rise to 10.4% Government warns there is no guarantee it will fall
The Government will have to do more to bring inflation under control after an unexpected jump in prices, No 10 has admitted.hit 10.4 per cent in February, the Office of National Statistics said, up from 10.1 per cent in the previous month.
Chancellor Jeremy Hunt said: “Falling inflation isn’t inevitable, so we need to stick to our plan to halve it this year. We recognise just how tough things are for families across the country, so as we work towards getting inflation under control we will help families with cost of living support worth £3,300 on average per household this year.”
Opposition parties accused the Government of failing to insulate people from the effects of inflation.
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