NEWS that inflation remained at four per cent in January will come as a relief, not least because food prices are now falling after two years of sharp rises. Homebuyers with mortgages should be feeling especially optimistic. GettySir Keir Starmer will be besieged by public sector unions expecting a big payday after the end of what they like to call ‘Tory austerity’[/caption] Jim Callaghan’s Labour government was brought down by the Winter of Discontent in 1979Rex The fact that the consumer price index did not rise, as many had feared it would, means it is more likely that interest rates will soon be on a gentle downwards path. But we are not out of the woods yet. Inflation
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