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LONDON: British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards target after annual consumer price inflation fell to a lower than expected 7.9% in June.

Hunt told reporters on Wednesday that the government and Bank of England had taken difficult decisions on inflation in recent months:

UK economy grows as expected in April, driven by services

“We’re seeing the first fruits of that, but there’s a long way to go.”

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