CPI was 10.1 per cent in September this year. The think tank has predicted that inflation will only fall below the Bank of England's target of two per cent in the second half of 2025. Inflation will peak at 11 per cent in January next year before slowly falling to 5.7 per cent by the end of 2023, according to a forecast published by the National Institute of Economic and Social Research. But I must say I was, I takeaway a positive perspective from last evening's meeting with the Prime Minister Rishi Sunak." "Obviously that will need momentum, it will need substantive engagement by the EU and UK Government to make that a reality. The space now exists to resolve the outstanding issues pertaining to the Protocol by negotiation. "It is my assessment that the window of opportunity now does exist. Speaking at a press conference at the end of the British-Irish Council, Micheal Martin said: "I think the essential point is that a window of opportunity has been created with the pausing of the elections and the engagement between the United Kingdom Government and the European Union in respect of talks and a clear preference articulated by the UK Prime Minister and the European Union leadership, the preference for a negotiated resolution of this. The Irish Taoiseach said he believes there is now a "window of opportunity" for the UK and the EU to agree a deal to improve the Northern Ireland Protocol. ![]() The black hole has been estimated at up to £60billion. The Chancellor today confirmed there is a sizeable black hole in the nation's books as he said there is a "very substantial gap in our national finances". The comments highlight the tensions within the Conservative Party as Mr Hunt prepares to deliver an Autumn Statement on November 17 which will set out tax rises and public spending cuts. the national debt wasn't created by Liz Truss’s 44 days in government."Īsked directly by broadcasters about Mr Kwarteng’s comments, Mr Hunt said: "Well, all I would say is that when we produced a fiscal statement that didn’t show how we were going to bring our debts down over the medium term, the markets reacted very badly and so we have learned that you can’t fund either spending or borrowing without showing how you are going to pay for it and that is what I will do." "The black hole and the structural problems were already there. Mr Kwarteng told TalkTV in an interview published last night: "The only thing that they could possibly is the interest rates but interest rates have come down, the gilt rates have come down. Jeremy Hunt has appeared to reject a claim made by his predecessor Kwasi Kwarteng that the short-lived Truss administration cannot be blamed for the UK’s economic difficulties.
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