Home > Research > Press > Inflation drops to Bank of England's 2% target ...
View graph of relations

Inflation drops to Bank of England's 2% target raising hopes of interest rates cut

Press/Media: Newspaper Article

Description

Despite the drop in inflation, many families are still struggling with rising living costs. Rebecca Florisson,principal analyst at the Work Foundation at Lancaster University, said most Britons are feeling poorer thanwhen they voted in the last General Election nearly five years ago.
She said: "This is the first Parliament since 1955 where living standards have declined - attributable to wage stagnation alongside wider impacts of the Covid-19 pandemic, war in
Ukraine and political choices."

Period19/06/2024

Despite the drop in inflation, many families are still struggling with rising living costs. Rebecca Florisson,principal analyst at the Work Foundation at Lancaster University, said most Britons are feeling poorer thanwhen they voted in the last General Election nearly five years ago.
She said: "This is the first Parliament since 1955 where living standards have declined - attributable to wage stagnation alongside wider impacts of the Covid-19 pandemic, war in
Ukraine and political choices."

References

TitleInflation drops to Bank of England's 2%target raising hopes of interest rates cut
Degree of recognitionNational
Media name/outletThe Daily Express
Primary Media typeWeb
Country/TerritoryUnited Kingdom
Date19/06/24
PersonsRebecca Florisson