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Inflation rate falls to lowest in almost three years

Prices rose at 2.3% in the year to April, down from 3.2% the month before, official figures said.

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Could the Bank of England still cut rates in June after poor inflation figures?

Inflation fell to 2.3 per cent in April, down from 3.2 per cent in March. That's quite a big fall, but it was not as big as expected.

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This economic data is bad news for the Conservatives

Despite what Rishi Sunak and Jeremy Hunt say, this morning's economic data provided two rounds of bad news for the Conservatives.

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FTSE 100 live: Stocks tumble on inflation disappointment, M&S and M&B soar

FTSE 100 live: Stocks tumble on inflation disappointment, M&S and M&B soar
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Jeremy Hunt s tax cut plans face setback as government borrowing tops £20bn | Budget deficit

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

United kingdomOrkney islandsJeremy huntRob woodPeter arnoldInternational monetary fundOffice for budget responsibilityOffice for national statisticsNational statisticsBudget responsibilityGrant fitznerPantheon macro