Inflation: ‘Not out of the Woods Yet’, Labour Reacts to Fall May 23, 2024 Ukadmin UK Economy </p> <h2>Inflation: ‘Not out of the woods yet’, Labour reacts to fall</h2> <p> The latest UK inflation figures are a move in the “right direction” but the UK is “not out of the woods”, the shadow chief secretary to the Treasury Darren Jones has told Sky News.</p> <p>Inflation dropped to 2.3% in April down from 3.2%, according to data from the Office of National Statistics.</p> <p>It marks the lowest level since July 2021 but remains above the Bank of England’s target rate of 2%.</p> <p>Mr Jones also spoke to Kay Burley about the crisis in the Middle East and compensation for victims of the blood scandal.</p> <p>#inflation #ukeconomy #skynews</p> <p>To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales<br /> Credit to : Sky News</p> <p>
