Rate cut nearer
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE PRICE war among Britain's supermarkets brought another cut in interest rates closer yesterday, by helping to reduce the underlying rate of inflation to its lowest in more than 25 years.
The Chancellor of the Exchequer told the House of Commons Treasury Select Committee that the figure was 'spectacular', but he gave no hints that a base rate cut was imminent. The annual rate of price increases stayed at 1.4 per cent last month, but underlying inflation - which excludes mortgage interest payments - fell from 2.8 to 2.5 per cent.
Non-seasonal food prices fell by 0.7 per cent in November, the biggest monthly fall for 30 years, as the supermarkets fought off competition from one another and from discount warehouses.
Leading article, page 19; Inflation falls, page 37
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments