PMQs watch live: Rishi Sunak and Keir Starmer focus on infected blood scandal

Conservative Tom Randall recalls that former prime minister Margaret Thatcher described inflation as a “destroyer” of industry, jobs and savings. That is just as true today, he suggests.

Sunak says today’s fall in inflation is a “major moment for the economy”, with the headline rate “back to normal” thanks to the hard work and resilience of the British people. This shows, he says, the government’s plan is “working”.

Thanks to that plan, he adds, mortgage rates, energy bills and taxes are all down.

The alternative, he says, would be £2,000 of tax rises under Labour.