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Chancellor George Osborne gets inflation break

Published 13/05/2013

George Osborne
George Osborne

Chancellor George Osborne is expected to receive a "parting present" from outgoing Bank of England governor Sir Mervyn King this week with an improved forecast in his quarterly report on inflation.

Economists expect the Bank's outlook for the rate could be revised downwards on the back of a slide in oil and commodity prices.

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