UK inflation has dropped into single digits for the first time since August 2022. The latest figures revealed a significant drop of 1.4 percentage points from 10.1 percent in March to 8.7 percent in April.
However, many wealth managers have warned that, despite this fall, headline inflation remains “uncomfortably high”.
George Lagarias, the chief economist at Mazars, warned these levels of inflation could lead to “more than the two [interest] rate hikes th...
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