over 3% in december. we spoke to investment manager shanti kelemen. she told us the fall in shop prices is a positive development, as the bank of england weighs up when it can start cutting the cost of borrowing. i think it s absolutely good news. i mean, one quirk of psychology is that even though inflation isn t going up because prices arejust sort of constant, it might not feel a lot better because the price is still higher than it was two years ago. with the changes and how people are expecting the future to unfold, the interest rates people pay our mortgages have already fallen a bit, similarly the rates the government is paying for borrowing are also coming down a bit from last year, so that in itself will provide a little bit of relief, even before the bank of england changes interest rates. but will that downward trend in shop price inflation continue? we all know about the supply chain disruptions in the red sea. and the picture could be further complicated from toni
Welcome to bbc news. Britain and europe say decisive steps forward have been made, in talks over brexit, but much more work still needs to be done. Speaking after a fourth round of negotiations in brussels, the eus Michel Barnier, and the brexit secretary david davis, agreed there was now more clarity surrounding their discussions, after what was described as a new dynamic, created by theresa mays speech on brexit, in florence last week. Both david davis and the eus main negotiator, Michel Barnier, describe this, the fourth round of negotiations, as vital. An eu summits just three weeks away and britain had wanted the first phase of the negotiations to be completed by then. Thats looking unlikely but mr davis insisted there had now been significant steps forward. When i look across the full ranges of issues to do with our withdrawal from the eu, im clear we have made considerable progress on the issues that matter, including certainty, citizens and visitors, providing reassurance to ou
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The UK has ratified the terms of its agreement to join the CPTPP, UK minister for trade policy Greg Hands told group members in Arequipa, Peru, where he also concluded talks.