UK Chancellor Jeremy Hunt addressed recent economic developments, emphasizing that while inflation unexpectedly holds at 4%, there are signs of progress. Hunt acknowledged the persistence of inflation, underscoring the government's commitment to reducing it to a 2% target to alleviate pressure on families. He welcomed wage growth amidst the cost of living crisis but cautioned that the battle against inflation is far from over. Despite the UK's low economic growth being lower than expected, Hunt remains optimistic, attributing the slow growth to the government's focus on tackling inflation. He also mentioned the necessity of sticking to the current economic plan, which includes cutting taxes on work and business to foster a stronger economy. This comes amid criticisms and concerns as the UK slips into recession, with Hunt scaling back on tax cuts as a response.
Watch the Chancellor respond to the latest growth figures 👇 He explains that tackling inflation has been the priority because that's what helps families when the cost of a weekly shop and energy bills have gone up. https://t.co/wWICCj5t45
Jeremy Hunt Scales Back Tax Cuts As UK Slips Into Recession - Telegraph https://t.co/AcnNeXQNUS
🔴 UK'S CHANCELLOR HUNT SCALES BACK TAX CUTS AS UK SLIPS INTO RECESSION - TELEGRAPH
Rishi Sunak said he was confident that the British economy had turned a corner just the day before it was revealed that the UK is in a recession https://t.co/w0FU4eRr7p
Jeremy Hunt says the economy has turned the corner. If this is turning the corner, I’d hate to see what he thinks going full speed ahead looks like. #rishisrecession
Chancellor denies UK recession is proof of government failure | Speaking to ITV News' @ITVJoel about the government's economic promises, Jeremy Hunt said 'we didn't promise to do them all at the same time' https://t.co/b1McWduSCW
We need to 'stick to our guns' for inflation to come down to its target 'in a matter of months,' says Chancellor Jeremy Hunt. He adds that then, we could 'start to see interest rates falling'. https://t.co/JQlPUkUZpI 📺 Sky 501 and YouTube https://t.co/6ghicr9yHZ
'We expected growth to be weaker while tackling high inflation', says Chancellor Jeremy Hunt. https://t.co/w1P7RFIARI https://t.co/jeHfrhdz2T
Rishi Sunak said, "The economy has turned a corner and we're heading in the right direction". The economy is in recession. How is that heading in the right direction? #rishisrecession https://t.co/t9ZoGOVD3g
When inflation started to accelerate early in 2022 Rishi Sunak - as chancellor - attributed the rise to global factors. Today Chancellor @Jeremy_Hunt is claiming it a success for government policy that it's come down! Never underestimate just how thick this lot think we all are https://t.co/eXI80DIiXk
BREAKING Rishi Sunak lifts the UK out of #recession by telling Laura Trott to hold all the graphs upside down. Act of Parliament to follow. #Sunakered https://t.co/OD7Zrvh767
'We expected growth to be weaker while tackling high inflation' Jeremy Hunt has responded to this morning's GDP news. https://t.co/DrKSTwCo6K
'We expected growth to be weaker while tackling high inflation' Jeremy Hunt has responded to this morning's GDP news, saying that the government 'always expected the growth to be weaker' while they prioritise tackling inflation. https://t.co/thN2rx7AeZ
"Although times are still tough for many families, we must stick to the plan – cutting taxes on work and business to build a stronger economy.” Chancellor @Jeremy_Hunt on this morning's @ONS statistics. https://t.co/yBc4UoR02Z
Rishi Sunak said YESTERDAY: ‘I absolutely believe that the economy has turned a corner & we're now pointing in the right direction."’
Rishi Sunak: the economy has turned the corner The economy: https://t.co/fMjRIVPOIV
BREAKING: Chancellor Jeremy Hunt said low economic growth is “not a surprise”, but added that the UK must “stick to the plan – cutting taxes on work and business to build a stronger economy” despite tough times for many families.
Jeremy Hunt's response to the UK falling into recession: "There are signs the British economy is turning a corner." https://t.co/GR7UIysspI
🔴 UK'S CHANCELLOR HUNT: THERE ARE SIGNS THAT THE BRITISH ECONOMY IS TURNING A CORNER.
🔴 UK'S CHANCELLOR HUNT: LOW GROWTH IS NOT A SURPRISE.
Rishi Sunak last November: "Today the results are clear... the economy is growing". https://t.co/gLmYsYxJTX
“Inflation never falls in a straight line.” Chancellor @Jeremy_Hunt responds to this morning’s @ONS inflation stats 👇 https://t.co/mFsdBzknXS
'Inflation never falls in a straight line. We are not going to be able to relieve pressure on families until we hit that target of 2%.' Chancellor @Jeremy_Hunt reacts to today's ONS figures as inflation unexpectedly holds at 4% https://t.co/dzrXafP5JN 📺 Sky 501 https://t.co/2V1x9CY50o
UK Chancellor of the Exchequer Jeremy Hunt says wage growth is "clearly welcome" in a cost of living crisis, but the fight against inflation isn't over https://t.co/eO3Gh1J7Rn https://t.co/Fow8sS1IwX
“Inflation never falls in a perfect straight line, but the plan is working.” Chancellor @Jeremy_Hunt responds to this morning’s inflation figures from the @ONS. https://t.co/r4C2ASL7RL