What Does the Steep Fall in Inflation Mean for UK Households?.

UK inflation fell to 3.4% in February, marking the lowest level since September 2021. This decline, driven by slower rises in food and eating out costs, has raised hopes that the Bank of England may start cutting interest rates as early as June, according to economists. Chancellor Jeremy Hunt suggested that the drop in inflation could allow further reductions in national insurance, potentially benefiting households.

March 19, 2024
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