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For once, the UK’s inflation story is drifting from grim to vaguely cheerful. After four years of outpacing the US and euro area, and after a 3.4% rise in prices over the past year, inflation now looks set to drop sharply. Come April, it is expected to fall to around 2%, basically bang on the Bank of England’s target. Even President Trump might secretly envy a central bank that looks like it can actually hit 2%.   Three forces are doing the heavy lifting. First, energy. The c

Our Prime Minister is hanging on, but only just. The argument goes that although Sir Keir Starmer’s government is weak and unpopular, replacing him would likely make things worse. British politics has seen leaders cling on after losing authority, and maybe we should hope Starmer can as well – not because he can turn this around, but because the alternatives are worse. If Starmer falls, his successor would almost certainly come from Labour’s left, pushing policies voters have