Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to help return inflation to the target rate.

Inflation has fallen from the peak of 11.1%, returning to the 2% target in September 2024, before slightly increasing again to 2.6% in March.

The Bank of England has the responsibility of controlling inflation, and the Government fully supports them as they take action to sustainably return inflation to the 2% target. The independent Monetary Policy Committee (MPC) at the Bank of England has cut Bank Rate three times since August as underlying inflationary pressure has eased.