Imagine “Don’t Panic” in large friendly letters – the pink ones that fans of The Hitchhiker's Guide to the Galaxy will know well – when you read that inflation did the dirty on us last month, coming in at 3.6 per cent.
The last few weeks have seen Bank of England governor Andrew Bailey dropping hints about rate cuts, even suggesting that the rate-setting Monetary Policy Committee (MPC) could go further and faster if the jobs market continues to deteriorate.
