Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

The OECD forecasts UK inflation will average 6.9% during 2023, raising questions about Rishi Sunak’s pledge to halve it by the end of the year. Photograph: Yui Mok/PA

The UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain’s cost of living crisis after an influential international body predicted the country would have one of the highest inflation rates in the developed world this year.

While the Organisation for Economic Co-operation and Development raised its forecast for UK growth, it also warned that inflation would average 6.9% during 2023.