The prime minister said the fall in inflation, from 3.2 per cent to 2.3, shows there are brighter days ahead for the UK. This figure is the closest to the Bank of England's 2 per cent inflation target since the prime minister took office in late 2022.
MPs now believe that Rishi Sunak is on the cusp of calling a general election at 5 pm this afternoon. Both foreign secretary Lord Cameron and defence secretary Grant Shapps have cancelled meetings for the cabinet meeting and it is expected that the prime minister will address the nation at 5 pm.
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