UK's Hunt: OBR sees CPI below 2% target in just a few months' time

UK Chancellor of the Exchequer Jeremy Hunt presents the Spring Budget to Parliament.

Key takeaways

"We can now help families with permanent cuts in tax."

"We need to boost GDP per capita, not just GDP."

"The OBR sees CPI below 2% target in just a few months' time."

"The OBR expects real household disposable income to rise by 0.8%."

"Will extend household support fund at current levels for 6 months."

"Will extend freeze in alcohol duty to feFebruary 2025."

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Market reaction

GBP/USD showed no immediate reaction to these remarks and the pair was last seen rising 0.15% on the day at 1.2720.