UK inflation slows to lowest level in almost 2.5 years
Wednesday, 20 March 2024 Britain's annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start cutting interest rates in the coming months. "The Bank of England has already said it's not going to cut interest rates in a hurry," Sarah Coles, head of personal finance at Hargreaves Lansdown, said following Wednesday's data.
Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement. Mr Hunt said: “What I’m really saying is that as inflation gets closer to its...
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’. Speaking on the day the Office for National..
No, the economy is not doing well - despite what you might hear in the mainstream media and out of the mouths of many politicians. Debt is high, we have endured a high level of inflation over the past..
Wednesday, 20 March 2024
![Reynolds: Rates unlikely to be cut despite fall in inflation [Video]](https://video.newsserve.net/300/v/20240320/1369725090-Reynolds-Rates-unlikely-to-be-cut-despite-fall.jpg)
![Are We Headed for 1970s-style Stagflation? [Video]](https://video.newsserve.net/300/v/20240301/1709315670-Are-We-Headed-for-1970s-style-Stagflation.jpg)
