Richard Flax, chief investment officer at Moneyfarm, said in a note that data showing a modest decline in inflation in the UK in February was unlikely to ease fiscal pressures.
The annual headline inflation rate in the UK fell to 2.8% in February from 3.0% in January, a slightly larger decrease than expected.
Flax said the chancellor might take some comfort in the continued easing of inflation, but the modest decline would do little to ease fiscal pressure.
He also said that the risk of tariffs could raise import costs and drive up inflation, limiting the Bank of England's room to cut interest rates.
Moneyfarm CIO: Fiscal pressure is difficult to change due to falling inflation, and tariffs are hindering the Bank of England's interest rate cut process
2025-03-26 12:38:27
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