In February, consumer price inflation in the U.K. dropped to 2.8% from 3%, with clothing prices, especially women’s clothes, driving the decline, exceeding analysts’ expectations of a 2.9% decrease. While living costs continue to rise above the Bank of England’s 2% target, the slower rate of inflation provides relief for Treasury chief Rachel Reeves ahead of her statement on public finances, where she is expected to announce spending cuts and address weaker economic growth projections. Despite economic uncertainties, the Bank of England kept its main interest rate unchanged at 4.50% as the nation faces challenges from the U.S.’s tariff policies.
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Tesco warns customers of major Clubcard change they need to make before Monday
Major UK supermarket Tesco has notified customers to update their Clubcard app by 31 March to continue accessing loyalty benefits and discounts at its 3,000 stores. Failure to update the app will result in customers being unable to collect points or use their loyalty card. The retailer is updating the app to enhance data protection and online security, emphasizing the importance of having the latest version for continued usage of Clubcard benefits. Full Article
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