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LONDON: British finance minister Jeremy Hunt said on Wednesday that the government was winning its battle against inflation and should now turn to its plans for generating long-term economic growth.
“Now we are beginning to win the battle against inflation we can move to the next part of our economic plan, which is the long-term growth of the British economy,” Hunt said, responding to a larger-than-expected fall in annual consumer price inflation.
UK economy grows as expected in April, driven by services
Hunt is due to deliver an update on the government’s budget on Nov. 22 which is expected to include measures to encourage investment by businesses.