UK inflation to fall to 2.9% by the end of the year, says Chancellor of the Exchequer

March 25, 2023

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Inflation in the UK will fall to 2.9 per cent from 10.7% by the end of 2023, Jeremy Hunt said in his Budget announcement on Wednesday, 15 March 23.

According to the Office for Budget Responsibility, average rate of price rises was expected to be 7.4 per cent for this year.

What does this mean for property prices in the UK and what can we expect from this statement what are your thoughts ? – Does this mean we can expect interest rates to lower by end of year also ? , will it make mortgage and lending rates more palatable going into 2024 ? .

If you do not require a mortgage product and you have the capital , is now the time to buy..

Please leave feedback in the comments below we welcome your input and thoughts – Terry https://leozaneinvest.com/

Jeremy Hunt Chancellor of the Exchequer and his wife Lucia Hunt

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