| UK inflation fell less than expected last month, fuelling doubt about when the Bank of England can start cutting interest rates.
“While inflation continues to fall sharply, this report will come as a disappointment to the Bank of England and investors looking for a rate cut in June,” said Luke Bartholomew, senior economist at asset manager abrdn.“In particular, the strength of core inflation and services inflation, both of which came in a fair bit stronger than expected, will make it harder for the bank to feel confident that underlying inflation pressure is cooling adequately.
The Labour opposition leads by about 20 percentage points, even though a number of economic indicators show the economy has turned the corner after a mild recession last year.
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