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World

Will Brits feel richer if inflation halves?

9 August 2023

3:10 AM

9 August 2023

3:10 AM

The government’s objective to ‘halve inflation’ by the end of the year seems to be back on track – for now. Last week’s interest rate hike was delivered with an updated inflation forecast from the Bank of England, showing the rate slowing to 4.7 per cent by the end of the year, just below Rishi Sunak’s target.

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