The Bank of England remains reluctant to endorse the notion of cutting interest rates in 2024 despite mounting evidence that inflationary pressures are easing, as further underlined by today's news that Next is anticipating a year of "zero inflation" across its retail empire.

The fashion and homeware retailer has been on a hot streak that continued through the Christmas trading period with a 5.7% increase in sales during the nine weeks to December 30. As a result it has raised its annual profit forecast for the........

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