Almost at the same time as the inflation report was released, traders significantly reduced their bets on a rate cut next month, cutting the possibility of a rate cut on August 1 from 40% yesterday to 25%.

UK inflation has reached its target level despite the Bank of England's painstaking efforts.But markets say the Bank of England is still unlikely to cut interest rates when it announces its decision tomorrow.

Sunak needs to enhance the public's "good life feeling" to win back public opinion.

the UK's persistent high-interest environment, while curbing inflation, has also led to an increasing number of working-age individuals withdrawing from the labor market.