Inflation falls to 3.4%. More positive economic news today with inflation falling again. Still above the Bank of England’s target of 2% but way below the double digits we saw a year ago. The UK housing market is already in recovery mode with transaction levels increasing and prices having appeared to have levelled. Let’s hope that the positive inflation news will lead to a welcomed and predicted interest rate cuts through 2024. Two & five year fixed rate mortgages are currently at levels well below the current base rate.