Chancellor Jeremy Hunt reiterated the UK government’s pledge to halve inflation this year, saying pressures on household budgets will soon begin to ease. Hunt released a statement ahead of Parliament’s return on Monday. He said adhering to he plans of Prime Minister Rishi Sunak’s administration to tackle inflation was the best way forward. Read more: Why UK Inflation Is So High and Tough to Bring Down In its August monetary policy report, the Bank of England said inflation was falling but “still too high.” The central bank looks for annualized inflation at about 5% by year-end, far above its 2% target. The UK’s ... (full story)