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UK's Hunt: 'Tough' decisions on tax and spending needed to tackle inflation

Reuters · 11/16/2022 02:10
UK's Hunt: 'Tough' decisions on tax and spending to tackle inflation

- British finance minister Jeremy Hunt said on Wednesday "tough but " decisions were required to tackle rising prices after data showed inflation had risen to a 41-year-high of 11.1% in October.

"It is our duty to help the Bank of England in their mission to return inflation to target by acting responsibly with the ’s finances," Hunt said in a statement, ahead of his upcoming budget on Thursday.

"That requires some tough but decisions on tax and spending to help balance the books."


(Reporting by Farouq Suleiman and Sachin Ravikumar; Editing by Kate Holton)

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