Inflation

Core inflation down to 5.1%

Fall from 6.7% is lowest since records began, according to ONS

Core inflation saw a slight annual decline to 6.7%, driven by a drop in food and beverage prices

Increase had been expected despite headline CPI falling 0.1 percentage points in

Jeremy Hunt set to announce reforms during his Mansion House speech later today

Pill has written to the Treasury Select Committee

ONS attributes unchanged rates due to increased costs in air travel

MPC meeting is taking place later this week

Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May

Two year gilt yields have risen to 4.48%, the highest level since last September’s peak