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Does the state of the UK economy inspire confidence? An expert crunches the numbers

By Michael Nower, Assistant Professor in Economics, Durham University

The most recent UK inflation figures, released towards the end of May 2024, saw a drop in the official rate of price rises to 2.3%, not that far off the Bank of England’s target level of 2%. Jeremy Hunt, the chancellor of the exchequer, said the figures were encouraging.

Later that day, the prime…

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