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The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
The PM had hoped a better economic outlook and falling rates would provide a boost for autumn election, saying ‘2024 is going to be a better year’
The Resolution Foundation said the benefits have not been felt evenly, however.
Labour say more than a million people face higher mortgage payments ‘after the Conservatives crashed the economy’
With inflation now on the way down, attention is beginning to turn to what the 'new normal' will be - if we ever make it there.