UK inflation is low. It is well below the government’s 2% target and is expected to stay that way for at least the next 18 months. On Tuesday, the Office for National Statistics reported it had dipped to just 0.5% – the joint lowest since records began. It marks a rapid change in the UK economy and it may offer chancellor George Osborne and the Conservative party a useful electoral tool.
|Specialist publication||The Conversation|
|Publication status||Published - 13 Jan 2015|