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UK Inflation Falls to 2.8% — Shadow Chancellor Blames Labour

5/20/2026

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Summary

Story summary

Official figures show UK inflation fell to 2.8% from 3.3%.
Shadow chancellor Mel Stride welcomed the decline, warning that prices are still rising too fast.
Stride blamed Labour policies for a weak economy exposed to the Iran war.
He said a spike in borrowing costs reflects market concerns over Labour’s leadership and economic management.

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Story summary

Official figures show UK inflation fell to 2.8% from 3.3%.
Shadow chancellor Mel Stride welcomed the decline, warning that prices are still rising too fast.
Stride blamed Labour policies for a weak economy exposed to the Iran war.
He said a spike in borrowing costs reflects market concerns over Labour’s leadership and economic management.