Budget could knock 0.5% off inflation next year, Bank chief says

Archie MitchellBusiness reporterGetty ImagesThe chancellor's Budget could reduce inflation by 0.5% next year, a Bank of England deputy governor has said.Clare Lombardelli told the Commons' Treasury committee that measures announced by Rachel Reeves in November will slow the rate at which prices are increasing from April 2026.Speaking to MPs, Ms Lombardelli said capping fuel duty, cutting energy prices and…