FTSE 100 Live: Stocks to rise; inflation to ease in boost for Healey
The article reports on expectations for the UK's June inflation data release, with headline CPI forecast to ease slightly from 2.8% to 2.7%. A drop in petrol and diesel prices is cited as the main driver, though renewed US-Iran tensions have pushed oil prices back up, suggesting any easing may be temporary. Economist Thomas Pugh warns inflation could still peak at 3.4% in November. The inflation news is seen as a potential early boost for new Chancellor John Healey, whose first full day as Prime Minister was overshadowed by a political row over funding a VAT cut on electricity bills by scrapping Digital ID plans. Critics, including former Starmer ally Darren Jones, argue the savings do not exist. The article also notes food prices may rebound later due to Middle East conflict effects on supply chains.
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