Reeves dealt blow as Interactive Investor abandons retail campaign

UK inflation has decreased to 3.6%, despite a rise in food prices. Chancellor Rachel Reeves is closely monitoring inflation data in preparation for her autumn budget, which is set to be announced next Wednesday. In a related development, WH Smith's CEO has resigned following an accounting review that revealed significant issues in its North American division, leading to a downward revision of the company's profit outlook.

UK inflation has decreased to 3.6% in October, down from 3.8%, indicating a potential turning point for the economy. This decline is expected to relieve pressure on consumers and businesses. Rachel Reeves, the UK Finance Minister, has signaled that budget measures will be introduced to further reduce prices, and the Bank of England is likely to respond with interest rate cuts.

Chancellor Rachel Reeves is contemplating both tax increases and spending cuts as part of the upcoming Budget scheduled for November 26. This decision comes amid ongoing discussions about fiscal policy and economic management in the country. The Chancellor's proposals are expected to address various economic challenges and set the financial direction for the government in the coming year.