UK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England. The drop was in line with a majority of City economists’ forecasts and marks the lowest level since March 2025. The Office for National Statistics said that falls in petrol prices, air fares and food had driven the drop. Inflation peaked last year at 3.8% and most economists expect it to drop back quickly to the Bank’s 2% target this year. The latest figures would allow for a rate cut as early as next month, with
Pakistans oldest brewery wins rare approval to export alcohol after decades-long ban
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