Chancellor and Labour Party respond to March inflation statistics

The Chancellor responded to ONS March inflation statistics:

Chancellor of the Exchequer Jeremy Hunt said:

“These figures reaffirm exactly why we must continue with our efforts to drive down inflation so we can ease pressure on families and businesses.

“We are on track to do this – with the OBR forecasting we will halve inflation this year - and we’ll continue supporting people with cost-of-living support worth an average of £3,300 per household over this year and last, funded through windfall taxes on energy profits.”

Rachel Reeves MP, Labour's Shadow Chancellor, responding to new inflation figures this morning, said:

“The question for families remains as real as ever - when will they feel better off under this Conservative government? 

“And, why when the cost of living continues to bite, is the government refusing to freeze council tax this year, paid for by a proper windfall tax on oil and gas giants?

“The reality is that under the Tories our economy is weaker, prices are out of control and never have people paid so much to get so little in return. 

“Labour will stand with working people and with our mission to secure the highest sustained growth in the G7, make families across every part of our country better off.”