Jeremy Hunt expresses concern about cost of living crisis after OECD forecast
by Larry Elliott Economics editor from Economics | The Guardian on (#6C383)
Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20
The UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain's cost of living crisis after an influential international body predicted the country would have one of the highest inflation rates in the developed world this year.
While the Organisation for Economic Co-operation and Development raised its forecast for UK growth, it also warned that inflation would average 6.9% during 2023.
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