Chief Secretary to the Treasury Darren Jones says the Labour government has brought stability back to the economy since high inflation under Liz Truss, and that businesses and working people will be pleased with inflation nearing the 2 per cent target.
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00:00I think businesses and working people will be pleased that inflation is now around the target of 2 percent. It's due to come down
00:07to the target of 2 percent in the year ahead. That's a vast difference to performance under Liz Trust and the Conservatives
00:14when inflation spiked at 11 percent and everybody felt that in their mortgages and their bills and their energy bills every
00:19month. We're not in that world. The Slaver government has bought stability back to the economy. That is important for business
00:25as much as it is for working people. And now we've got to do the hard yards together to be able to unlock investment into
00:31the U.K. economy stimulate growth and improve the living standards of working people across the country. That's our absolute
00:37focus and resolve for 2025.