UK’s Hunt: Nothing automatic about bringing down inflation

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UK’s Hunt: Nothing automatic about bringing down inflation

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    UK Finance Minister Jeremy Hunt said on Wednesday, there is “nothing automatic about bringing down inflation.”

    “We support Bank of England 150%.”

    “I agree with people who are worried about high tax.”

    “We need to get taxes down.”

    “Overwhelming priority has to be lowering inflation.”

    “We aren’t in a position to know if we will have headroom to cut taxes before the election.”

    “We will always be pragmatic on immigration.”

    “I think we will get to a point where default is people will work from office unless there is a good reason, except in certain sectors.”

    Despite the encouraging comments from Hunt, GBP/USD is losing 0.40% on the day at 1.2435, as of writing.

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