The removal vans can be cancelled, and the shortlist of potential successors can stop measuring up the curtains at Number 11 Downing Street. With today’s figures showing a slightly larger than expected fall in inflation,
In November, the Consumer Prices Index (CPI) came in at 2.6 per cent, where petrol, train travel, and live entertainment pushed up prices.
Chancellor Rachel Reeves inherited a bad economic hand from the Tories - but in her darkest moments, she has seen a string of fortunate breaks allowing her breathing space
December's inflation dip was a rare piece of positive financial news, but don't get used to it. Prices will be rising soon enough.
UNDER-pressure Rachel Reeves was given a glimmer of hope as inflation fell — raising interest rate cut hopes. The Chancellor saw inflation sink 0.1 per cent to 2.5 per cent in December, the drop
The market consensus was for inflation to remain stuck at 2.6 per cent, but the risks were very much tilted to the upside. And if there had been a big miss, some commentators feared that the sell-off in gilts could have turned ugly.
Slower UK inflation relieves pressure on Rachel Reeves as financial markets calm - The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.
Software services, real estate and financial services were the only sectors to report growth last month, Lloyds Bank’s sector tracker suggested. This meant the number of sectors
British inflation slowed unexpectedly last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to official data that will be welcomed by Finance Minister Rachel Reeves after a market selloff.
A reprieve for the UK gilts market will be welcome after a torrid week.
Falling inflation and borrowing costs are good news for the Chancellor but the Budget watchdog will not make a call on market conditions until next month
A fall in December's CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves. The chancellor has been under intense scrutiny for the last week as UK borrowing costs have risen (in line with US and European peers) and the value of the pound has fallen.