UK’s Reeves Tells BOE That Lowering Inflation Is Goal of Budget
In a statement, the UK Chancellor of the Exchequer, Rachel Reeves, announced that the government's primary goal in the upcoming budget, set to be released in November, is to address the issue of high inflation. Reeves emphasized that the government is actively considering various measures to bring down the rate of inflation, which has been a significant concern for the UK economy. The chancellor's remarks come amid ongoing challenges posed by the rising cost of living and economic uncertainty. The upcoming budget is expected to outline the government's strategy for tackling the inflationary pressures, though the specific details of the proposed measures have not been disclosed. Reeves' statement suggests that the government is prioritizing the reduction of inflation as a key objective in its fiscal policies and budget planning.
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