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 minister was apparently so encouraged that he announced the date of the next general election. Rishi Sunak claimed that the British economy was “growing faster than anyone predicted” and that his plan was working.
