OECD inflation prediction: This is a damning verdict on the Government's economic record

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Responding to the OECD's prediction that Britain will have the highest inflation of any leading economy in 2023 and may miss its target to halve inflation, Liberal Democrat Treasury spokesperson Sarah Olney MP said: 

"This is a damning verdict on the Government's economic record. Jeremy Hunt is the latest Conservative Chancellor to fail miserably at tackling the cost of living crisis. 

"The Government was painfully slow to act on energy bills last year, and now looks asleep at the wheel on rising food prices. They refuse to learn their lesson. 

"If the Government misses their own inflation target this year, then its hard to see why Jeremy Hunt should remain as Chancellor. 

"The British people need economic competence and a plan to bring prices down, yet so far we've seen none of that from this Government. It is time for action on the cost of living crisis, starting with a plan to bring down food bills."

ENDS