'Nothing can be taken for granted'

Paul McGerrigan, CEO at fintech broker Loan.co.uk:

“Many in the UK will breathe a sigh of relief at the news inflation is back on a moderate downward trajectory following February’s shock increase.

“We expect the UK economy is heading for an upturn, with much lower inflation and perhaps even interest rate reductions in the latter part of this year, but after the events of the last three years nothing can be taken for granted.

“It’s still a bumpy path for borrowers and expert financial advice is critical.”