Dip in UK inflation offers respite for Reeves and paves way for interest rate cut
Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-offBusiness live – latest updatesFall in UK inflation to 2.5% eases pressure on ReevesUS inflation ticks upRachel Reeves was being written off in some headlines as a “lame duck” chancellor earlier this week, after a savage bond sell-off put her at risk of breaking her fiscal rules.Shadow chancellor Mel Stride had even compared Reeves’s situation – somewhat bafflingly – to Hamlet, Shakespeare’s tragic prince, while Tory leader Kemi Badenoch claimed Labour had chosen a chancellor who wasn’t “qualified to do the job”. Continue reading...
Unexpected fall last month will help ease Treasury and Bank of England fears after bond market sell-off
- Business live – latest updates
- Fall in UK inflation to 2.5% eases pressure on Reeves
- US inflation ticks up
Rachel Reeves was being written off in some headlines as a “lame duck” chancellor earlier this week, after a savage bond sell-off put her at risk of breaking her fiscal rules.
Shadow chancellor Mel Stride had even compared Reeves’s situation – somewhat bafflingly – to Hamlet, Shakespeare’s tragic prince, while Tory leader Kemi Badenoch claimed Labour had chosen a chancellor who wasn’t “qualified to do the job”. Continue reading...
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