A key economic report to be released on Wednesday is expected to show that progress in lowering the inflation rate has stalled, with the consumer price index indicating a 2.7% 12-month inflation rate for November, a slight increase from the previous month. The core inflation rate, excluding food and energy, is forecast at 3.3%, remaining unchanged from October, with both measures expected to show 0.3% monthly increases. Despite the inflation uptick, the Federal Reserve is still anticipated to lower interest rates next week.
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No 10 Tells Protesting Farmers Controversial Inheritance Tax Policy Will Not Be Changed
Farmers protesting against the government's controversial inheritance tax changes for farms in Westminster were met with confirmation from No.10 that there will be no U-turn on the policy. Despite farmers' concerns that the changes will lead to many farms going out of business, the government remains steadfast in its decision, citing the need to fill a financial gap and pledging £5 billion in support for farmers. The National Farmers Union expressed worries about the potential...
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