UK inflation fell to 3.6 per cent in October, strengthening the case for the Bank of England to cut interest rates next month to boost sluggish growth.
Wednesday’s figure from the Office for National Statistics was in line with the expectation of economists polled by Reuters and down from September’s 3.8 per cent reading.
The release of the data comes a week ahead of a tough Budget from chancellor Rachel Reeves that is set to include steep tax increases, raising further risks to growth.
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