Rishi Sunak halved UK inflation, reaching closest to 2% since July 2021; interest rate cut potential in March.
Rishi Sunak achieved one of his five goals in 2023 by halving inflation, and consumer price growth is predicted to reach near the 2% target, its lowest since July 2021. The UK has experienced a rapid decline in inflation since a 41-year high of 11.1%, with the prospect of an interest rate cut in March. Despite these economic improvements, the ruling Conservatives trail Labour in opinion polls.
May 18, 2024
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