Jeremy Hunt has said official forecasts show the UK will swerve a "technical recession" in 2023 as he unveiled the Budget.
The Chancellor revealed forecasts from the Office for Budget Responsibility (OBR) also predicting inflation will fall to 2.9% by the end of the year.
In the final quarter of 2022 inflation stood at a staggering 10.7% in the wake of the disastrous mini-Budget and failed PM Liz Truss's 49-day stint in No10.