UK inflation rate falls to 3.6% in year to Oct.
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RACHEL Reeves facing huge under pressure to help households with the cost of living as food prices went up. The Chancellor vowed to do more to “bring down prices” in her Budget next week as the
Inflation in the U.K. fell to a four-month low in October, raising expectations of another Bank of England interest rate cut next month.
Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.
Rachel Reeves is the chancellor of the exchequer, having been appointed by prime minister Sir Keir Starmer after Labour’s election victory in 2024.
Rachel Reeves signals major council tax hikes for high-value homes as the Budget approaches, raising pressure on homeowners and sparking nationwide debate.
Rachel Reeves has said the Budget will focus on ‘getting inflation falling’ and ‘creating the conditions for interest rate cuts’
UK inflation fell to 3.6% in October, giving chancellor Rachel Reeves a timely boost as she prepares to deliver her Budget on 26 November.
UK inflation drops to four-month low in pre-Budget boost for Rachel Reeves - Household services contributed the biggest decline towards overall falling inflation