1 Day
Source:
المشهد العربي
UK inflation reaches annual low
Inflation in the United Kingdom declined in June to its lowest level in over a year, driven by falling fuel and diesel prices amid a drop in oil prices, which helped ease financial pressures on households. However, inflation remains above the Bank of England's target of 2%, and markets are expected to keep interest rates steady at 3.75% at the upcoming meeting to monitor regional developments. The new government, led by Rishi Sunak, has begun taking measures to improve citizens' living conditions, including abolishing VAT on electricity bills starting in October.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)