THE Chief Secretary to the Treasury has insisted the Government is on track to hit its inflation targets.

Speaking to GB News in the aftermath of an announcement showing inflation was coming down, John Glen MP said : “I think the truth is that our inflation journey started a bit later and we’ll come out of it a bit later. But today’s significant drop to the lowest rate of increase since February last year is welcome news. But I don’t want to say we’re complacent in government because it won’t be a straight line call off necessarily. But we are on track to have inflation by the end of the year, or 3%, by this time next year, and then on to 2%, which is the long-term target that we’ve always wanted the Bank of England to get back to it.

“We are in a situation where that means I have to make choices around not borrowing more, not increasing taxes, and not yielding to more requests for more spending. That is what’s important: sound public finances that underpin the foundations for growth in the economy, which is obviously a high productivity growth, which is what we’ll be aiming for. When we’ve got this inflation under Control.”