Office for National Statistics (ONS) figures show UK inflation fell to 0.3% in November from 0.7% in October. Laith Khalaf, financial analyst of investment platform AJ Bell, said that as England’s national lockdown meant statisticians were unable to collect all of the usual data, November’s reading may not offer adequate insight into the climate, saying “the broader picture remains one of low inflation and that spells low interest rates for the foreseeable future.” Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, commented: “We think the headline rate will average at only 1.5% in the final three quarters of 2021, provided that a no-deal Brexit is averted”.
Read more: City AM
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