The government’s plan for the economy is “working”, Rishi Sunak claimed confidently, after new data revealed a sharp fall in July’s rate of inflation.
Yet a closer look at the ONS figures suggest his pledge to halve inflation by the end of the year could still be in jeopardy.
The rate of inflation fell for a second consecutive month to 6.8 per cent in July, down from 7.9 per cent in June, marking the biggest six-month change in 30 years.
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When central bankers tell us that they are “watching the data”, it means that they have no idea what to do next.
France could be on the brink of electing a hard-right government for the first time since the Second World War.
A Labour government will press more equality or climate legislation on companies, accompanied by a furious backlash from the Right.
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