The UK Chancellor of the Exchequer Jeremy Hunt said on Friday that the “best tax cut right now is a cut in inflation.”
Additional comments
Understands importance of low taxes.
Best tax cut right now is a cut in inflation.
Bringing down inflation only way to fix industrial unrest.
Plan to halve inflaiton will require patience and discipline.
Weak recovery of public sector from pandemic strengthens case for reform.
UK is powerfully positioned to play leading role on innovation.
This growth plan is long term, won't happen in 18 months before election.
Don't accept we're towards back of international pack.
We have some concerns about US inflation reduction act.
Not worried about future of clean energy industires.
Market reaction
GBP/USD remains unfazed by the above comments, trading at 1.2371, down 0.27% on the day.
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