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<p>Last year we saw a faster-than-previously-expected economic recovery, with output
in November above pre-crisis levels for the first time, and, in their latest forecast,
the IMF expect the UK to be the fastest growing G7 economy this year. Our Plan for
Jobs is working.</p><p> </p><p>However, global supply chain disruptions and higher
energy prices represent challenges that are driving higher inflation. These are global
problems which we are working with our international partners on, and we are supporting
households with the cost of living, providing support worth around £12bn this financial
year and next alongside an announced £9.1bn package to help households with rising
energy bills in 2022-23.</p>
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