UK politics live: Surprise inflation fall eases pressure on Reeves as markets predict interest rate cut
Inflation has fallen to 2.5 per cent in a boost for Chancellor Rachel Reeves as she faces criticism over market turmoil and volatility in the value of the pound. The Consumer Prices Index (CPI) figure is still above the Bank of England’s 2 per cent target, but is lower than November’s 2.6 per cent.