- UK's Hunt: Nothing automatic about bringing down inflation
Market news
17 May 2023
UK's Hunt: Nothing automatic about bringing down inflation
UK Finance Minister Jeremy Hunt said on Wednesday, there is “nothing automatic about bringing down inflation.”
Additional quotes
“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.”
Market reaction
Despite the encouraging comments from Hunt, GBP/USD is losing 0.40% on the day at 1.2435, as of writing.
Market Focus
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