๐ฐ News Alert:
๐ Title: UK inflation unexpectedly dips to 2.5% in December; German economy shrinks for second year โ business live
๐๏ธ Published: Wed, 15 Jan 2025 09:36:04 GMT
๐ Summary: Economists predict a February interest rate cut due to cooling services and 'core' inflation, leading to a drop in government borrowing costs. Chancellor Rachel Reeves pledges to focus on economic growth to benefit working people, emphasizing actions taken to ease the cost of living, protect pay, freeze fuel duty, and increase the national minimum wage. #EconomicOutlook #Inflation #InterestRates
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https://www.theguardian.com/business/live/2025/jan/15/uk-inflation-forecast-above-bank-englands-target-again-december-business-live
๐๏ธ Source: Business | The Guardian
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