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Hunt hit by inflation 'miss' and benefits bill
May 22, 2024
|Evening Standard
JEREMY HUNT was dealt a double blow today as a smaller than expected fall in the rate of inflation hit hopes of a rate cut in June, while worse than expected public finance figures limited the Chancellor's scope for a pre-Budget tax cut.
The Consumer Prices Index (CPI) the headline measure of the rising cost of living-rose by 2.3% compared with City forecasts of 2.1%.
Although a sharp fall from March's figure of 3.2%, the "miss" was big enough to alarm City markets and send traders and economists to rewrite their expectations for rate cuts from the Bank of England.
هذه القصة من طبعة May 22, 2024 من Evening Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Evening Standard
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