Economic experts have said they expect UK inflation to remain constant for June when data comes in next week. Barclays analysts suggested a 3.4 per cent rate would again be seen, driven by food prices continuing to increase. Official ONS data will arrive on Wednesday, with April’s initial 3.5 per cent rate revised down following an error and May’s CPI coming in at 3.4 per cent too.
The battle for the future of the cash ISA continues to rage meanwhile, with Rachel Reeves set to announce plans in her Mansion House speech next week and the Building Societies Association telling her it would be a mistake to ditch the £20,000 allowance.
In the stock markets, both the Nasdaq in the US and the FTSE 100 in the UK have hit new all time highs over the last couple of days, as investors largely set aside Donald Trump’s constant flip-flopping over tariff rates.
Follow The Independent’s live coverage of the latest stock market and business news here:
