Inflation drops to 3.4%: how long before we're all better off?

Fastest 12-month fall in inflation since 1978. Chancellor Jeremy Hunt hints at further National Insurance cuts. When will the Bank of England cut interest rates? Financial journalist Michael Hunter explains how significant the latest drop in inflation is, and what it means for our pockets. In this episode:How significant is this drop in inflation?What has caused it?How soon could the BoE cut interest rates?Why falling inflation doesn’t mean an imminent drop in pricesFollow us on X or on Threads. Hosted on Acast. See acast.com/privacy for more information.