Britain seems to be turning a corner. Figures just released by the Office for National Statistics show the rate of inflation fell to 3 per cent in January, having risen to 3.4 per cent at the end of last year. 

This downward trend is in line with forecasts from the Bank of England which expect inflation to hit its 2 per cent target in April. If that trend holds true, then the slowdown in prices won’t just be welcomed by struggling shoppers. This government – whichever ‘phase’ it is now in – has pegged its success and failure to addressing the cost-of-living crisis. 

Structurally the things that make Britain expensive – namely energy and labour costs – are not about to drastically reduce

Structurally the things that make Britain expensive – namely energy and labour costs – are not about to drastically reduce

There will be relief too in Threadneedle Street where the Bank of England’s decisions of the past few years have........

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