Lower-than-expected April annual rate a lift for Rachel Reeves, who moved some renewables costs away from household bills
UK inflation slowed to 2.8% in April, according to official figures, as a reduction in the household energy price cap helped soften the sharp rise in fuel costs since the start of the Iran war.
The Office for National Statistics (ONS) said the consumer prices index measure of inflation eased from March’s reading of 3.3%, suggesting the impact of the Iran war has not yet hit UK households as much as feared.
Continue reading…Lower-than-expected April annual rate a lift for Rachel Reeves, who moved some renewables costs away from household billsUK inflation slowed to 2.8% in April, according to official figures, as a reduction in the household energy price cap helped soften the sharp rise in fuel costs since the start of the Iran war.The Office for National Statistics (ONS) said the consumer prices index measure of inflation eased from March’s reading of 3.3%, suggesting the impact of the Iran war has not yet hit UK households as much as feared. Continue reading…