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Breakfast

has been brought under control. after the rate of price rises dropped to its lowest level in two and a half years. mr hunt said the uk economy had now turned a corner but labour said families were worse—off after 14 years of conservative government. 0ur economics editor, faisal islam, reports. i think all central banks have a very difficultjob. the chancellor, jeremy hunt, is talking up the british economy here in the us to anyone he can see — from investors to fellow finance ministers and bankers. many commentators think we may still hit the bank of england's target in the next couple of months. and what that says is that the very difficult decisions that we took when inflation was over 11% have borne fruit. and we now need to stick with that approach, which is clearly working. but mobile broadband prices are going up. living costs, housing... that's going up, too. it's still quite tough for people out there. it is very tough. and we've been through a very tough period. jeremy hunt now says that the uk economy has achieved a soft landing — that inflation has been brought to target without unemployment

Uk , Price , Level , Rate , Control , Economy , Jeremy-hunt , Families , Corner , 14 , Two , Government

Breakfast

shooting very high. the real test of that for households, businesses may well be when the bank of england is confident enough that inflation is under control that they can cut interest rates. around the world, especially here in the us, bets on rate cuts are being pushed out into the future because inflation is proving stubborn. in recent days, there's been a big change in the world economy. at the top, a meeting of the world's finance ministers and central bankers in the us capital, washington, dc, there are now big doubts about whether american interest rates will come down much at all this year. the question is whether inflation is proving unexpectedly stubborn or sticky. back home, that's what the person, who wants to be chancellor, points to. well, of course it's better news that inflation is lower rather than higher. but the truth is that prices are still going up. inflation is still significantly above the bank of england's target. and, frankly, families don't need ministers to tell them whether they're better

Bank-of-england , Inflation , Households , Businesses , Interest-rates , Control , Around-the-world , Test , Us , Finance-ministers , Rate-cuts , Meeting

The Context

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We have done the hard yards and now will cut taxes and bet on growth | Express Comment | Comment

As inflation falls further, Chancellor Jeremy Hunt writes that the handbrake holding back growth will be released and will leave people feeling better off

United-kingdom , London , City-of , Britain , National-insurance , National-living-wage , London-marathon , Jeremy-hunt , Economy , Growth , Uk-growth

Marcos meets with German Chancellor to boost bilateral ties

BERLIN: President Ferdinand Marcos Jr. on Tuesday met with German Chancellor Olaf Scholz to further explore the bilateral relations between the Philippines and Germany.

Berlin , Germany , Manila , Philippines , German , Olaf-scholz , Ferdinand-marcos-jr , President-ferdinand-marcos , German-chancellor-olaf-scholz , Marcos , Meets

Austrian ex-Chancellor Sebastian Kurz's perjury trial enters final day

The perjury trial of Sebastian Kurz, Austria's former Chancellor, is concluding. Prosecutors allege he downplayed his influence over OBAG appointments

Vienna , Wien , Austria , Austrians , Thomas-schmid , Sebastian-kurz , Chancellor-sebastian-kurz , Verdict , Perjury-trial , Chancellor ,