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Chief Secretary to the Treasury Emma Reynolds says the government has put in "measures to help families" as the Bank of England announces a rise in interest rates to four percent. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00The government does recognise that there are additional pressures on families.
00:04The Bank of England has said that the war in Iran is the main driver of both inflation
00:12but also these pressures on families and businesses,
00:16which is why we put forward in the budget measures to help families,
00:20£100 to over 20 million households to support them in paying their energy bills this winter.
00:26The VAT cut to electricity bills, the extension of the 5p fuel duty cut
00:35but also we've put in place in the budget longer term measures to get the economy growing
00:41but also to put further downward pressure on prices to bring our energy costs in line with Europe.
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