Inflation is falling within the UK and is more likely to keep on a downward trajectory all through subsequent yr. That’s the excellent news.
The unhealthy information is that inflation will proceed to be excessive relative to wages and pension incomes, consuming into dwelling requirements.
The Financial institution of England is poised to make the scenario even worse with an anticipated enhance in rates of interest when its policymakers meet on Thursday that can tighten an already excruciating monetary tourniquet on mortgage holders.
