ODN
  • 2 years ago
Prime Minister Rishi Sunak has defended his plan to half inflation by the end of the year describing it as an "ambitious" target.

Speaking exclusively to ITV News, he said it "may make people feel better" to "borrow lots of money to do lots of things" but that would inevitably prolong heightened inflation.
Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Transcript
00:00 complacent about this at all. When I set out that target, people said, "Oh, that's very
00:04 easy. It's not ambitious enough." I didn't think it was. I thought it was an ambitious
00:08 target. It might make everyone feel better in the short term to borrow lots of money
00:11 to do lots of things, but ultimately it would just mean that prices stay higher for longer,
00:15 mortgage rates stay higher for longer. I'm not going to do that.

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