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UK politics live: Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget

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Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget - The Consumer Prices Index figure fell to 2.5%, still above the Bank of England's 2% target
The article discusses recent developments in UK politics, focusing on economic issues. Inflation in the UK has unexpectedly fallen to 3.4%, providing a boost to Shadow Chancellor Rachel Reeves, who has been critical of the government's economic management. This drop in inflation comes at a time when Prime Minister Rishi Sunak is facing pressure to call an emergency budget to address the cost-of-living crisis. Despite this, Downing Street has not ruled out the possibility of an emergency budget, although no firm commitments have been made. The article also touches on the political implications of these economic indicators, with Labour suggesting that the government should use this opportunity to provide relief to households struggling with high energy bills and other costs. Additionally, there are mentions of internal Conservative Party dynamics, with some MPs pushing for tax cuts and others advocating for more spending on public services.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/uk-politics-live-boost-for-reeves-as-inflation-falls-after-no-10-refuses-to-rule-out-emergency-budget/ar-BB1rqdf5 ]