Responding to news that the consumer prices fell to 1.7% in September, Muniya Barua, Deputy Chief Executive at 91, said: “Cooling inflation should help to bolster consumer confidence and give businesses struggling with high borrowing costs hope of an interest rate cut next month.
“The positive vibe created by this week’s International Investment Summit must be backed up by a pro-growth Budget.
“The Chancellor should prioritise ways to crowd-in private finance, such as HS2 reaching a regenerated Euston and a more ambitious Affordable 91s Programme, as well as growth-boosters such as the reintroduction of tax-free shopping for international tourists and scrapping stamp duty on share transactions.”