How inflation figures impact pressure on Chancellor Rachel Reeves

Inflation figures came in slightly lower than expected today, falling to 2.5 per cent last month, down from 2.6 per cent the month before. So what does this mean for the pressure mounting on Chancellor Rachel Reeves as she deals with a sell-off in the bond markets? The lower inflation figures are likely to help ease the jitters in the gilt markets, which saw yields on 10 and 30-year bonds hit their highest levels in decades last week. The pressure in the gilt market has raised doubts about the government’s fiscal plans and even prompted calls for the Chancellor to resign. Read more of the story 👇 https://www.cityam.com/inflation-relief-for-reeves-or-a-temporary-reprieve/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Ali Lyon, Jessica Frank-Keyes, Larissa Howie, Joseph Curay Teneda, Emmanuel Nwosu