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Evening Standard
Evening Standard
Holly Williams

UK economy faces threat of ‘stagflation’ after bumpy 2024

Britain’s economy hit a number of major milestones in 2024 as lower inflation paved the way for the first interest rate cuts for over four years, but the path was far from smooth (PA) -

Britain’s economy hit a number of major milestones in 2024 as lower inflation paved the way for the first interest rate cuts for over four years, but the path was far from smooth.

Against the backdrop of seismic changes in the UK political landscape, the economy initially seemed to steady, thanks to inflation finally falling back to target – and even below target at one stage.

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