Chancellor reacts to ‘disappointing’ inflation figures
Video Credit: ODN - Duration: 01:25s - Published
Chancellor reacts to ‘disappointing’ inflation figures
Rachel Reeves admits April’s inflation rise to 3.5% is “clearly disappointing” but acknowledges the figures are partly down to government policies to “stabilise” the economy.
The chancellor says, “I do recognise that all policies have consequences, but if I hadn't have acted to stabilise the public finances, we would be in a worse position today." Report by Blairm.
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Shadow Chancellor Sir Mel Stride describes April’s rise in inflation to 3.5% as “pretty shocking” and says they are “down to government choices”, citing public sector pay rises and increases..