Britons have been forced to contend with record high inflation and interest rates in recent years, with the latter being raised by the Bank of England to keep the consumer price index (CPI) down.
According to the latest forecasts from the International Monetary Fund (IMF), the UK will see experience the highest inflation out of any other G7 country despite being set to have the second highest gross domestic (GDP growth).
With the CPI creeping further away from the central bank's desired target of two per cent, concerns have been raised future base rate cuts from the Monetary Policy Committee (MPC) could be put on pause.
For the 12 months to August 2025, inflation came to 3.8 per cent in the UK, according to the latest figures from the Office for National Statistics (ONS). Currently, the Bank's base rate is at four per cent. Which would you prefer was lower?
Would you prefer if inflation or interest rates were lower?
| GETTY