CPI

Government green-lights CDC scheme expansion, Sterling 20 initiative launches, inflation figures published

Rise for some DB pensioners will reignite debate over pre-1997 indexation

Bank of England cut unlikely

Core CPI also up to 3.8%

Up from 3.4% in May

CPI rose by 3.5% in year to April, up from 2.6%

CPIH at 3.4% in March, with inflation down from previous month's 2.8%

Decline in headline CPI rate will come as ‘relief’ to both Treasury and Bank of England

Down from 2.6% in November

MPC meeting on interest rates to take place on 19 December