September marks the first time inflation has been below the Bank of England's 2% target since April 2021.
16th October 2024
September marks the first time inflation has been below the Bank of England's 2% target since April 2021.
Advisers discussed potential changes to CGT, pension tax relief and business taxes.
Many economists predict that a further rate reduction will come at the Committee's meeting in November.
Markets are currently pricing in a 25% chance of another cut tomorrow.
UK GDP showed no month-on-month growth for the second month running in July.
GDP grew by 0.6% in the second quarter of this year.
Industry experts predict there could still be at least one more rate cut this year.
Adverse weather impacted the construction industry.
The UK is no longer in a technical recession after growth in Q1.
Inflation is down to its lowest in two and a half years, and well below the peak of 11.1% in October last year.