Fall in UK inflation looks like turning point that heralds interest rate cut
Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to actUK inflation eases to 3.6% before crunch budgetBusiness live – latest...
By Phillip Inman · The Guardian World
Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to act UK inflation eases to 3.6% before crunch budget Business live – latest updates After three months on a high plateau, inflation is beginning to ease again. The drop from 3.8% to 3.6% in the October consumer prices index sets the UK on a downward path that reduces the pressure on shoppers, businesses and the government. Never mind that City economists had expected a fall last month. It appears to be a turning point back towards normality after a topsy-turvy year that everyone wants to put behind them. Continue reading...