00:00So inflation has fallen this month to 3% from 3.4% where it was previously.
00:07The budget measures that I took in November will come into effect in the next couple of months
00:13and that will see £150 off of people's energy bills, prescription charges frozen for the second year in a row
00:20and railfares frozen. So that will take more money off of people's bills
00:26and that will see further reductions in inflation. The Bank of England and the Office of Budget Responsibility
00:31are expecting inflation to return to the 2% target within the next few months.
Comments