Reeves Sees Reward in Keeping Lid on UK Inflation in Budget

Rachel Reeves stands to be the biggest beneficiary of her own efforts to bring down UK inflation and help with the cost of living in this month’s budget — but only if she gets it right.

The Chancellor of the Exchequer said this week she was focusing inflation-busting efforts on energy and food prices, suggesting there would be measures in the budget to address gas and power bills and boost retailers. The aim is to steer the rate of price rises back toward the Bank of England’s 2% target, setting the conditions for further cuts in interest rates.

Rachel Reeves

Photographer: Andy Rain/EPA/Bloomberg

“The ...