UK PM Sunak: With inflation halved we can now look forward to the future economy we want to build

Dhwani Mehta FXStreet

“With inflation halved we can now look forward to the future economy we want to build,” United Kingdom (UK) Prime Minister Rishi Sunak said on Monday.

Additional quotes

We believe in cutting taxes carefully and sustainably.

Our approach starts with controlling inflation.

We have met our commitment to halve inflation.

To develop the economy we will take five long term decisions.

We must avoid doing anything that risks fight against inflation.

We will cut taxes based on fiscal rules.

We will need to prioritise tax cuts.

We can and we will cut taxes over time.

We want to support businesses to invest through lower taxes.

Growth is all about the private sector investing.

Market reaction

GBP/USD is failing to find any impetus from the above comments, trading at around 1.2475, still up 0.10% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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