Don't be too concerned about deflation in the UK

Everyone is concerned about the rising risk of deflation in the eurozone, but there are a few reasons why the same worries don't apply to the UK.

Annual inflation in the UK has tumbled to its slowest pace since 2000 as lower oil prices make short work of the inflationary pressures that took quantitative easing years to generate. But is there cause for concern and should the Bank of England take action? Absolutely not.

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