The standard of education amongst Tory Cabinet Ministers is incredibly low. Now Jeremy (careful) Hunt is at it. Now he's saying that "a pledge to halve the rate of inflation is the best tax cut right now". The problem is that halving inflation will bring it down to 5% at a time where the general pay increase offer this year, especially in the public sector, is no more that 4%. I could therefore argue that a 4% pay increase, even if inflation is halved, amounts to a stealth tax of another 1%. And, of course, if inflation doesn't reduce by half........

So how is halfing inflation a tax cut?