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Chancellor of the Exchequer, Rishi Sunak, has warned that rising inflation is a challenge to the public finances:

“Rising inflation and increasing debt interest costs pose a challenge for the public finances, as they do for family budgets.

“That is why we are taking a balanced approach – using our fiscal firepower to provide targeted help with the cost of living, while remaining on track to get debt down.

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Source: Business – The Guardian

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