Business Cheered By Further Fall In Inflation

17th December 2025

Reacting to the latest ONS inflation data published this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said:

“Businesses will be cheered by the larger than expected slowing of inflation in November to 3.2%, suggesting it is now past its peak. 

“With unemployment on the rise and wage growth down this would suggest there is now more room for the Bank of England to cut interest rates tomorrow. 

“If it does as expected, it would be a welcome early Christmas present for firms who remain under serious cost pressure. 

“While the budget did not pile further tax rises on all firms their confidence remains low due to its lack of significant growth measures.  

“The economy will continue to stutter unless business costs ease further, and firms are given the right tools to invest, recruit and trade.  

“Businesses will want to see the government stepping up in 2026 to deliver real-world change including much trumpeted reforms on planning, regulation, skills and the EU reset.” 

More information on the inflation data can be found here.