PM Rishi Sunak calls General Election and inflation drops to 2.3%. Experts across City, University of London respond.
By Eve Lacroix (Senior Communications Officer), Published
Prime Minister Rishi Sunak has called a General Election on Thursday 4 July, despite the Conservative Party remaining far behind Labour in the polls.
Earlier today, UK inflation fell to its lowest in three years, at 2.3 percent. This is nearing the Bank of England target of 2 percent, but inflation remains higher than expected.
Experts in economics and politics across City react.
There may be less student voters in July for the "Conservative Party of chaos", says Dr Lise Butler
Dr Lise Butler, Senior Lecturer in Modern History at City, University of London said:
Labour's expected win may be contributing to inflation, says Professor Michael Ben Gad
Professor Michael Ben-Gad, Professor of Economics at City, University of London, said:
British citizens and businesses still feel the burden of inflation, says Dr Orkun Saka
Dr Orkun Saka, Senior Lecturer in Economics at City adds that not all is rosy: service inflation, which is a better proxy for domestic price pressures, remains higher than expected and the burden on British citizens and businesses remains. He said: