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Case for further rate cuts ‘all the more urgent’ after Trump tariffs, TUC says

THE case for further inflation rate cuts are “all the more urgent” in the wake of US President Donald Trump’s tariff hikes, the TUC warned yesterday.

New figures from the Office for National Statistics show that Consumer Prices Index (CPI) inflation eased to 2.6 per cent in March, down from 2.8 per cent in February.

The reading is expected to heighten calls for a reduction in interest rates from their current rate of 4.5 per cent at the Bank of England’s upcoming rate-setting meeting in May.

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