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"Rachel Reeves has vowed to cut the cost of living ahead of the final PMQs before her highly anticipated Budget. Sir Keir Starmer will be facing questions in the Commons after inflation fell to 3.6 per cent in October, in a pre-Budget boost to the chancellor. On the falling figures, Ms Reeves said: It's welcome that inflation has fallen from 3.8 to 3.6 per cent in this month's data. But I recognise that inflation, the cost of living, is still a big burden on families right across the country. And that's why in the Budget next week, I'll be taking targeted action to bring down inflation to address the cost of living."
"However, the figures were criticised by Sir Mel Stride MP, shadow chancellor of the exchequer, who said inflation has been above target every single month since Labour's last Budget. He said: Labour's last Budget hiked borrowing and taxes, stoking the inflation now hitting families."
Rachel Reeves vowed to cut the cost of living ahead of final PMQs and the forthcoming Budget. Inflation fell to 3.6 per cent in October, down from 3.8 per cent, offering a pre-Budget boost to the chancellor. Reeves recognised that inflation and the cost of living remain a big burden on families across the country and pledged targeted Budget measures to bring down inflation and ease household costs. Sir Mel Stride criticised the figures, saying inflation has exceeded target every month since Labour's last Budget and blaming that Budget's borrowing and tax increases. The prime minister and chancellor faced scrutiny ahead of next week's Budget amid concerns over proposed tax rises. A news outlet appealed for donations to fund on-the-ground reporting and to keep journalism accessible without paywalls.
Read at www.independent.co.uk
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