Government Underestimated Impact of Money-Printing on Inflation: Chancellor

Jeremy Hunt was asked to rate the causes for the inflationary crisis, which included the war in Ukraine and money printing during the pandemic.

Jeremy Hunt MP, chancellor of the Exchequer, attends a fringe meeting on the third day of the Conservative Conference in Manchester, England, on Oct. 3, 2023. Christopher Furlong/Getty Images

The government underestimated the impact of increasing the money supply during the COVID-19 pandemic on inflation, Chancellor Jeremy Hunt has said.

Mr. Hunt was speaking at the Centre for Policy Studies (CPS) fringe event at the Conservative Party Conference on Wednesday, where he discussed tax cuts, high inflation, and public debt.