Rachel Reeves has found brief respite this morning, with the Office for National Statistics confirming that inflation dipped to 2.5 per cent in the 12 months to December, down from

Slower UK inflation relieves pressure on Rachel Reeves as financial markets calm - The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.

The removal vans can be cancelled, and the shortlist of potential successors can stop measuring up the curtains at Number 11 Downing Street. With today’s figures showing a slightly larger than expected fall in inflation,

In November, the Consumer Prices Index (CPI) came in at 2.6 per cent, where petrol, train travel, and live entertainment pushed up prices.

UNDER-pressure Rachel Reeves was given a glimmer of hope as inflation fell — raising interest rate cut hopes. The Chancellor saw inflation sink 0.1 per cent to 2.5 per cent in December, the drop

The market consensus was for inflation to remain stuck at 2.6 per cent, but the risks were very much tilted to the upside. And if there had been a big miss, some commentators feared that the sell-off in gilts could have turned ugly.

Chancellor Rachel Reeves inherited a bad economic hand from the Tories - but in her darkest moments, she has seen a string of fortunate breaks allowing her breathing space

Surprise inflation fall eases pressure on Reeves as markets predict interest rate cut - The Consumer Prices Index figure fell to 2.5%, still above the Bank of England’s 2% target

A reprieve for the UK gilts market will be welcome after a torrid week.

Unexpected figures released this morning suggested that the rate of inflation had decreased, but investors have been warned not to be complacent

British inflation slowed unexpectedly last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to official data that will be welcomed by Finance Minister Rachel Reeves after a market selloff.

Falling inflation and borrowing costs are good news for the Chancellor but the Budget watchdog will not make a call on market conditions until next month