Finance guru Martin Lewis hosted ITV's Good Morning Britain this morning alongside Susanna Reid
Martin Lewis has grilled chancellor Jeremy Hunt over high interest rates, energy prices, and this morning's inflation figures, which showed the rate at which prices are increasing has fallen to 2.3 per cent.
He went on to say: "The Bank of England will start to cut interest rates, as you know they decide that independently, when they are confident that it is sustainably at its target. So today is good news for mortgage holders because it does give people more confidence that inflation is returning to more normal levels.
Mr Hunt warned that it would "take time" for people to feel the benefit. He said: "Even though the inflation rate has come down and people will be relieved about that, the level of prices is still a lot higher than it was one or two years ago. "It is quite difficult to feel the benefit of lower inflation because lower inflation means that prices are still rising, perhaps a more accurate phrase would be that people are stopping feeling increased pain."
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