Rolling coverage of the latest economic and financial news, with the latest healthcheck on the UK economy due at 7am
Jeremy Hunt, Chancellor of the Exchequer, says:
“We have a clear plan to halve inflation this year – an insidious hidden tax which has led to hikes in interest rates and mortgage costs, holding back growth here and around the world.
“To support families through this tough patch, we will provide an average of £3,500 support for every household over this year and next – but the most important help we can give is to stick to the plan to halve inflation this year so we get the economy growing again.”
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