00:00The fall in inflation today is really welcome. It's good to see it fall from 3.3% to 2
00:05.8%
00:05because of the action that the Chancellor took to reduce energy bills at the last budget.
00:11But this government is realistic. We can see that this conflict is ongoing.
00:14We're doing all we can with international partners to get the Strait of Hormuz reopened
00:18so that oil can start flowing again.
00:22But this economic shock is not over.
00:24And that's why we'll be hearing more from the Chancellor in the coming days
00:27and from the government on what more we can do
00:30to continue to support households through this difficult economic time.
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