UK finance minister says cutting inflation is best way to revive growth

Date:

British Chancellor of the Exchequer Jeremy Hunt leaves Downing Street in London

British Chancellor of the Exchequer Jeremy Hunt leaves Downing Street in London, Britain, September 13, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing Rights

LONDON, Nov 10 (Reuters) – British finance minister Jeremy Hunt said the government’s plan to reduce inflation would help revive growth, after official data on Friday showed the country’s economic output failed to grow in the July-to-September period.

“High inflation is the single greatest barrier to economic growth,” he said in a statement.

“The Autumn Statement will focus on how we get the economy growing healthily again by unlocking investment, getting people back into work and reforming our public services.”

Reporting by Sarah Young; Editing by Kate Holton

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Share post:

Subscribe

Popular

More like this
Related

Cryptoqueen who fled China for London mansion to be sentenced over £5bn Bitcoin stash

Tony HanGlobal China UnitMetropolitan PoliceMr Li told the BBC...

UK unemployment rate rises to 5% as jobs market weakens

Michael Sheils McNameeBusiness reporterReutersThe rate of UK unemployment has...

Melania warming up to big beautiful ballroom, Trump reveals 

First lady Melania Trump wasn’t fully onboard with her...

Lumo Exchange: AI-Powered Blockchain Innovation for the Next Generation of Intelligent Web3 Exchanges

1. Lumo Exchange: AI-Driven Financial Revolution Redefining the Future...