Report Suggests Inflation Set to Fall Below Two Percent 
It is expected that households will receive a welcome boost later today when the Bank of England signals that inflation will fall below 2percent in the coming months.

Following two years of shrinking incomes, the Bank of England’s latest quarterly Inflation Report is expected to show a sharp drop in the forecast for the benchmark consumer prices index (CPI); providing further cause for hope.

The downward trend has already started, after the Office for National Statistics reported yesterday that inflation fell to a 14 month low in January; with the pace of the decline expected to accelerate.

A sharp fall would help to ease the squeeze on households, which have been hit by a combination of high inflation, rising unemployment, and low wage rises; and economists are expecting such a fall to prevent the UK facing a double-dip recession and hold on to its AAA credit rating.

The resurgence in optimism has been driven by better-than-expected recent surveys and also the markets shrugging off Moody’s rating warning yesterday, to reinforce Britain's "safe haven" status.


For more information, please contact Glazers, Chartered Accountants London or visit www.glazers.co.uk




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