Kate is a Senior Trends Reporter at HuffPost UK, covering the day's most compelling stories. She has worked in the national news since she became a qualified journalist and was previously a reporter with Express.co.uk
The government has widely taken responsibility for this decline – but, it’s actually up to the independent Bank of England to manage the country’s inflation rates.She continued: “When the prime minister took over, inflation was at 11%, food was at nearly 20%, that was so difficult for everyone at home.
When inflation peaked at 11.1% in October 2022, a 41-year high, the government was quick to attribute this to global factors like Covid recovery.made halving inflation one of his five pledges for the year at the start of 2023 – when economic forecasts already predicted that inflation would rapidly decline before the year was out.
'But when inflation was going up you said it was nothing to do with you, now it's coming down it's everything to do with the PM' -She said: “Inflation is coming down, crucially we saw food prices coming down.”
Sky News Bank Of England Ed Balls Kay Burley Inflation Laura Trott
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