What's happened
Inflation in the UK falls to 3.9% in November, prompting speculation of interest rate cuts.
Why it matters
The significant drop in inflation raises speculation about potential interest rate cuts, which could have a substantial impact on households and businesses.
What the papers say
The Guardian reports that the City is expecting interest rates to fall sharply next year, while AP News and The Independent both highlight the potential for the Bank of England to start cutting interest rates sooner than expected.
How we got here
Inflation in the UK has been on a downward trend, with the latest figures showing a notable decrease from the previous month.
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