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Transcripts for BBCNEWS World Business Report 20240604 10:41:00

Target in the next couple of months. and what that said is that the very difficult decisions that we took when inflation was over 11% have borne fruit, and we now need to stick with that approach which is clearly working. but mobile, broadband prices are going up, living costs, housing, that s going up as well. it s still quite tough for people. it is very tough. and we have been through a very tough period. but when it comes to living standards, 18 months ago, the obr said we would have the biggest decline in living standards for half a century, actually, they have gone up and they are now saying we will return to pre pandemic living standards two years earlier than they thought. so what we see is overall a picture that is much more positive than before, but we need to be sensible, cautious, prudent on the approach we take going forward. sensible, cautious and prudent. we have been hearing a lot from the person who appointed you chancellor, liz truss,

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