A fall in inflation may prove to be merely temporary. But it is a welcome boost to the incoming Governor of the Bank of England Mark Carney.
Starbucks admit that they have not yet paid the millions pounds they promised they would pay to the government after a row over their tax.
The Squeeze could be the title of a horror B-movie but it describes a nasty phenomenon affecting every purse or wallet in the country.
George Osborne is braced for the International Monetary Fund's (IMF) verdict on Britain's economic prospects.In its annual healthcheck on UK plc, the IMF is expected to suggest that deficit reduction should be slowed amid weak growth.
The IMF was previously among the strongest backers of the Chancellor's economic strategy, but has gradually changed its tone in response to dwindling growth forecasts.
The organisation's head, Christine Lagarde, has insisted she still supports the Government's policy. But she added that "should growth be particularly low... there should be consideration to adjusting by way of slowing the pace".
Gas and electric prices are rising 7% and 8% year on year, the Office for National Statistics has said.
The headline rate of retail price index inflation fell to 2.9% in April, from 3.3% in March, the Office for National Statistics said.
The underlying rate of retail price index inflation fell to 2.9% from 3.2% during the same period, the ONS added.
Reductions in motoring costs are said to have brought UK inflation down, but I don't think many drivers would agree.
The fall of the inflation rate to 2.4% is still above the UK target, though.
The rate of consumer price index inflation fell to 2.4% in April, from 2.8% in March, official figures showed today.
It is the first time inflation has slowed since Autumn 2012.
– Starbucks spokesperson
We are on track to implement the unprecedented commitment to pay a significant amount of tax during 2013 and 2014.
Starbucks sources told me that they are working hard to get the tax deal done and promised to have it completed by the end of September.
– Anna Walker, spokeswoman for UK Uncut
As we said at the time of Starbucks announcement, their offer of £20m was simply a PR stunt, days before our protests targeted their stores across the country.
It's not up to companies to pick and choose when, if or how much tax they pay, its up to the government to force them to pay their fair share.
This government is making a political choice to cut legal aid, public services and the welfare state rather than force companies like Starbucks, Google, Amazon or Goldman Sachs to pay up.