Inflation, Economic policy, Economics, Bank of England, Politics, Business, UK news, UK cost of living crisis, Rachel Reeves, Labour, Office for National Statistics, Household bills, Consumer affairs, Money, General election 2024, Conservatives Business | The Guardian
Rachel Reeves warns cost of living crisis is not over, as inflation hits official target for first time in three yearsBusiness live – latest updatesUK election live – latest updatesThe shadow chancellor, Rachel Reeves, has said pressure on household finances remains “acute” despite official figures showing inflation fell to 2% in May, returning to the official target rate for the first time in nearly three years.The Office for National Statistics (ONS) said the consumer prices index (CPI) had eased in May, down from 2.3% in April, raising expectations of a cut in borrowing costs by the Bank of England. Continue reading…
Rachel Reeves warns cost of living crisis is not over, as inflation hits official target for first time in three years
Business live – latest updatesUK election live – latest updates
The shadow chancellor, Rachel Reeves, has said pressure on household finances remains “acute” despite official figures showing inflation fell to 2% in May, returning to the official target rate for the first time in nearly three years.
The Office for National Statistics (ONS) said the consumer prices index (CPI) had eased in May, down from 2.3% in April, raising expectations of a cut in borrowing costs by the Bank of England.
