Acknowledging that households have 鈥渟uffered enormously鈥� from energy, food and fuel inflation in the last 18 months, Mr Hunt said they should now feel some relief despite the UK economy slowing to a halt in the third quarter of this year.
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Chancellor Jeremy Hunt says he knows how tough it has been for families, but insists progress had been made in tackling inflation and this was the best route to secure long-term growth.