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1.75 per cent inflation expected in 2004

Britain should expect 1.75 per cent inflation over the next year the Chancellor has informed Parliament in today&#39s Budget announcement.

Gordon Brown has said inflation in 2004 is expected to hold this year and raise to around 2 per cent during 2005 and 2006.

Brown said: “There can be no wavering of fiscal policy. Fiscal policy is and should be at the heart of long term economic stability.”

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