UK Chancellor Jeremy Hunt acknowledges continuing cost-of-living crisis despite falling inflation.

UK Chancellor Jeremy Hunt acknowledged that despite UK inflation falling to 2.3% in April, its lowest level in nearly three years, people still feel worse off than before the pandemic. He attributed this to the pandemic and energy crisis, stating that living standards have improved since 2010, with four million more jobs and more foreign investment. Hunt emphasized that the cost-of-living crisis persists, despite the recent decline in inflation.

May 22, 2024
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