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UK inflation set to fall sharply in boost for PM Rishi Sunak
![IndiaTimes]()
Wednesday, 15 November 2023
Prices rose 6.7 per cent in September from 12 months earlier, which was the highest level among G7 rich nations. Sunak, who this week carried out a major reshuffle of his cabinet before a general election next year which his Conservative party is forecast to lose, pledged to halve inflation in 2023. It stood at just above 10 per cent in January. Analysts said a sharp fall in the annual inflation rate could see finance minster Jeremy Hunt cut taxes in his latest budget announcement due next week.
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Wednesday, 15 November 2023
