Inflation falls but artificial Brexit pressures remain

The Office for National Statistics (ONS) releases new figures showing inflation fell in the month of March

The figures, released this morning, show that UK inflation fell to 3.2% in the month of March. While down from 3.4% in February, inflation is still easing at a slower rate than previously predicted by economists and traders, who had hoped to see a fall to 3.1% last month. 

The UK Trade and Business Commission - which Best for Britain supports as Secretariat - has made 114 recommendations to remove barriers to growth, get inflation falling and the economy growing. 

Naomi Smith, Chief Executive of Best for Britain said,

“While any fall in the rate of inflation is a relief, the price pressures artificially introduced by this Government through their botched Brexit deal persist, exacerbated by new border charges introduced this month.”

“The public want a General Election, and the next Government  must tackle these self-inflicted costs head on, starting with beneficial EU regulatory alignment and a more pragmatic and targeted approach to labour shortages.”

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