UK inflation eases for first time in five months to 3.6% before crunch budget
PositiveWorld Affairs

- UK inflation has decreased to 3.6% in October, the first drop in five months, which may facilitate an interest rate cut by the Bank of England ahead of the upcoming budget by Chancellor Rachel Reeves.
- This development is significant as it could influence monetary policy and economic stability, particularly in light of the Chancellor's budget plans that are expected to address fiscal challenges.
- The situation is further complicated by concerns over fiscal responsibility, with warnings that the UK could face bankruptcy without benefit cuts, highlighting the tension between economic management and social welfare.
— via World Pulse Now AI Editorial System







