ITV GMB halted as Charlotte Hawkins delivers 'breaking news'
manchestereveningnews.co.ukCharlotte Hawkins shared that inflation saw a slowdown to a rise of 1.7 percent in September, coming in under the Bank of England's goal of 2 percent for the first time in nearly three years.
She then switched the focus to Jonathan Swain, who was reporting on location from Penge about this positive development. Talking live, he commented: "It doesn't mean things are getting cheaper.
It means prices are not rising as fast as they once were. I'll take you back to October 2022 when inflation was at 11 percent, and that rate has now dropped to 1.7 percent.
Normally, when inflation rates come down, you expect mortgage rates to come down as well. However, that is not necessarily the case." The figure from September will typically be used to determine many benefits increases, such as Universal Credit, due next April, reports the Express.
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