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

LONDON: British finance minister Jeremy Hunt said on Wednesday “tough but necessary” 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 nation’s finances,” Hunt said in a statement, ahead of his upcoming budget on Thursday.

UK inflation accelerates to 41-year peak

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