Inflation hits Bank of England's target for the first time since 2021

Financial Services Register

Election announcement follows inflation dropping to 2.3%

Growth follows two quarterly declines in second half of 2023

January figures revised up to 0.3%

Bank's decision marks fifth consecutive hold of rates at current level

CPI figure lower than expected after remaining stagnant at 4%

Profits down as a result of restructuring costs but assets under management up by 2%

Fund managers say changes to regime has seen a 89% fall in pension investments

UK economy shrank for two consecutive quarters following 0.1% contraction in Q3