++ GB estimates inflation to fall below 2% in the coming months. Jeremy Hunt, Chancellor of the Exchequer in Rishi Sunak's government, presented the updated Treasury data with the spring budget.
Hunt claimed credit for having implemented the commitment to halve inflation, found at 11% at the start of his mandate and already "down to 4%", ahead of schedule and beyond schedule. He also announced a revision of GDP to +0.8% in 2024 and +1.9% in 2025: with a trend indicated in recent years as "better than Germany, France or Italy"