Economic experts have said they expect UK inflation to remain constant for June when data comes in next week. Barclays analysts suggested a 3.4 per cent rate would again be seen, driven by food prices continuing to increase. Official ONS data will arrive on Wednesday - though before inflation figures, ONS revealed today that the UK economy contracted by 0.1 per cent in May.
The battle for the future of the cash ISA continues to rage meanwhile, with Rachel Reeves set to announce plans in her Mansion House speech next week and the Building Societies Association telling her it would be a mistake to ditch the £20,000 allowance.
