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Recent data from the Office for National Statistics (ONS) shows that UK inflation has dropped to 3.4%, a significant decrease from 11.1% in October 2022. The Conservative government, led by Rishi Sunak, attributes this decline to their successful plan, which has also allowed for tax cuts benefiting 2.9 million workers. Additionally, UK consumers are experiencing a surge in confidence regarding their personal finances, reaching the highest levels since 2021, indicating resilience following last year's economic downturn.