Inflation falls to lowest level in three years but do we feel better off?

Why has the Prime Minister announced an early election now? Mr Sunak’s mind could have been made up after today’s encouraging inflation figures showing the steepest fall for almost three years.

He was in a bullish mood this morning, calling it a “major milestone” for the UK economy. We were in Stourbridge, the kind of bellwether seat which Labour needs to take to win the election.