He said we are 'on course then to get to the 2% target by 2025'. 'The Bank of England themselves think they're on course to get to 5% by the end of the year, and then get to 3% by this time next year.' It wasn't going to be easy, none of the prime minister's pledges would be easy, but we are focused on taking all those decisions as a government to get us down to half what it was at the start of the year. 'We're at the lowest level we have been since February last year. 'We're now down to 6.8%, well over a per cent down.

'This is very welcome news today,' Mr Glen said. He said the UK is 'on course to get to the 2% target' by 2025. John Glen, chief secretary to the Treasury, has welcomed today's news that inflation has fallen from 7.9% to 6.8% in the year to July. 'I just want a government that cares a bit more.' He said that government ministers seem 'so out of touch' with the reality families are facing. 'That's why we're calling for freezing rail fares next year as some way of helping people who are really struggling.' 'Liberal Democrats are particularly worried today because this month's inflation figures will be used to calculate railway fares for the next year. 'Families and pensioners when they go and do their shopping, when they get their energy bills, when they get their mortgage and their rent - they're still seeing that go up by huge amounts. 'They're rising faster in our country than they are in many other countries - and faster than they have for many, many years. He said: 'It's positive news that prices aren't rising quite so fast, but they're still rising fast. Sir Ed accused the government of being 'out of touch' with the reality of the cost of living crisis as he called for a freeze on rail fares. Sir Ed Davey, the leader of the Liberal Democrats, has told Sky News that although it is positive news that prices aren't rising 'quite so fast' - they are 'still rising fast'.

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