Britain stayed in deflation in October, with the Consumer Prices Index falling by 0.1 per cent over the year. So far this year inflation has averaged just 0.02 per cent – the longest run of low inflation since the 1930s.
New stats show inflation unchanged at -0.1% while pay growth strong & employment at record high, means household budgets going further
Citi says inflation is likely to turn positive again next month as the effects of last’s years oil price nosedive falls out of the 12-month change – but with sluggish global growth, the cost of goods falling and inflation in the cost of services running at just 2.2 per cent, it looks like low inflation will be with us for a long time.
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Say what you like about the sweary, suspiciously blonde chef-entrepreneur Gordon Ramsay – and people have been known to do so – but there’s no denying both the longevity and apparent success of Britain’s best-known restaurateur. Thanks to a television career that has lasted since the late 90s, the image of Ramsay as a hard
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