Just Mortgages comments on CPI Inflation

19 November 2025

John Phillips, CEO of Just Mortgages and Spicerhaart, said:

“Today’s inflation data was pretty pivotal in proving the central bank’s point that inflation has indeed peaked. No doubt they will be relieved to see CPI drop in October, as will households up and down the country who have faced considerable pressure, whether it’s at the petrol pump, the checkout or in their energy prices. Perhaps most pleased will be the Chancellor just one week away from Budget day.

“Hopefully this is indeed the start of an easing in inflationary pressures and the upcoming Budget doesn’t stunt that progress. If anything, today news should only increase the chances of Christmas coming early in the form of a base rate cut next month – particularly after the grim news on unemployment last week. No doubt swap rates will continue to react favourably to this positive news, which will likely reflect in the activity of lenders across the market. This will be hugely welcome, particularly for those looking to get buying and moving plans back on track. As advisers, it’s up to us to keep sharing the positive headlines we are seeing in the current market and keep giving clients the confidence and support to push on with plans.”