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Jeremy Hunt expresses concern about cost of living crisis after OECD forecast
The UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain’s cost of living crisis after an influential international body predicted the country would have one of the highest inflation rates in the developed world this year. While the Organisation for Economic Co-operation and Development raised its forecast for UK growth, it also warned that inflation would average 6.9% during 2023. The OECD’s forecast questions whether the government will achieve its target of halving inflation by the end of the year – one of the five new year pledges made by Rishi Sunak in January. Headline ... (full story)