00:00Well, we know that the cost of living continues to be a problem for working families across
00:03the country, but gone are the days when inflation was at 10%, 11% driving family bills through
00:09the roof.
00:10Inflation is stable, it's a round target, and the key driver of inflation statistics
00:15today is that expected increase in the energy price cap set by the regulator, Ofgem.
00:20But the good news is that inflation is stable, it's close to target, and that will be good
00:24for working families across the country.
00:26While the budget fixed the foundations in this country, it turned the page on economic
00:31instability that we saw under the previous government, and I think businesses, investors
00:35and working people across the country will be happy that we have a government that takes
00:39economic stability properly and will not put us back into the chaos that we saw under Liz
00:43Truss and the Conservatives.
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