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Inflation falls to 2.3% - but how's business for you?

ended 22. May 2024

Inflation rose by 2.3% in the 12 months to April 2024, down from 3.2% in the 12 months to March, according to official data published this morning. In short, we're now very close to the Bank of England's target. Is your business or charity benefiting from the fall in inflation or are things still challenging out there? How are things generally for your business or charity at present? Any thoughts, send them across ASAP as this story is BREAKING.

3 responses from the Newspage community

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Michelle LawsonVerified
Director at Lawson Financial
Borrowers are there however so many buyers are waiting to find a property but sellers are slow to market as they are fearful they will sell and not find somewhere. A base rate cut may be just what the doctor ordered to kick start activity. With this announcement today, decisions forecast are all over the place which will add further uncertainty.
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Ian Hepworth0
Director at Funding Solutions UK Limited
As a business finance broker I am seeing clients holding off projects that require funding until the cost of funding falls. The cost of funding impacts on the monthly repayments for new machinery and vehicles and also makes borrowing for working capital expensive. I think the high cost of finance is stifling expansion for many businesses.
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Rob Gill0
Managing Director at Altura Mortgage Finance
This below expectation fall in inflation makes a June cut in base rate less likely, and could see mortgage lenders pause or even reverse recent rate cuts.