0:00
inflation figures came in slightly lower
0:02
than expected on Wednesday morning
0:04
falling to 2.5% last month down from
0:07
2.6% the month before so what does this
0:10
mean for the pressure mounting on
0:11
Chancellor Rachel Reeves as she deals
0:14
with a sell-off in the bond markets the
0:16
lower inflation figures are likely to
0:18
help ease the Jitters in the guilt
0:19
markets which saw yields on 10-year and
0:22
30-year Bonds hit their highest levels
0:24
in decades last week the pressure in the
0:27
guilt Market has raised doubts on the
0:28
government's fiscal plan and even
0:30
prompted calls for the chancellor to
0:32
resign economists estimate that the
0:35
upward move in yields has wiped out the
0:37
10 billion pound buffer Reeves left to
0:40
meet her key fiscal rule in October the
0:42
rule forces Reeves to ensure that
0:44
day-to-day spending including the cost
0:46
of servicing debt is funded through tax
0:48
receipts after a much criticized trip to
0:51
China this weekend Reeves appeared in
0:53
the Commons on Tuesday to face down her
0:55
critics including Shadow Chancellor Mel
0:58
stride and following her performance
1:00
which saw her insist she would go
1:03
further and faster to Kickstart growth
1:06
Wednesday's news will offer her some
1:08
rest bite from gloomy economic news
1:10
speaking on Wednesday morning she
1:12
insisted there is still work to be done
1:15
to help families across the country with
1:17
the cost of living former bank of
1:19
England policy maker Michael Saunders
1:21
said Downing Street will be breathing a
1:23
sigh of relief after the surprise dip in
1:26
December inflation he said it would be
1:28
some help in easing some some of the
1:30
worries about the outlook for the UK
1:32
however there are warnings that any
1:35
relief could be shortlived as inflation
1:37
could grow again later this year thanks
1:39
to a combination of factors including
1:42
the impact of the budget and the
1:44
chancellor who is seen as K starm as
1:46
right-hand woman continues to face
1:48
pressure with one Anonymous labor MP
1:51
telling the telegraph she should be
1:53
sacked if she isn't able to stabilize
1:56
the economy before the June spending
1:58
review what do you think do the latest
2:00
inflation figures take some pressure off
2:02
the chancellor let us know your thoughts
2:04
in the comments and follow City am for
