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# Inflation figures will be welcomed by families and businesses, Conservative candidate says
- URL: https://lichfieldlive.co.uk/inflation-figures-will-be-welcomed-by-families-and-businesses-conservative-candidate-says/
- Published: 2024-06-19T09:12:53.000Z
- Updated: 2024-06-19T09:13:08.000Z
- Description: Individuals and businesses will welcome a fall in inflation, a Lichfield General Election candidate has said.
- Author: Lichfield Live
- Tags: GE2024, Politics, #wp, #wp-post, #Import 2026-07-22 18:53, News

Individuals and businesses will welcome a fall in inflation, a Lichfield General Election candidate has said.

New figures have revealed the rate has dropped to 2%.

Sir Michael Fabricant, who will stand for the Conservatives on 4th July, said:

> “This is the second lowest inflation rate in Europe.  
>  
> “Following the war in Ukraine when oil prices soared, western countries have all suffered.   
>  
> “But decisive action by the Chancellor in the UK has meant that inflation rates have fallen far faster here.  
>  
> “And combined with the provision of nearly £500billion in furlough payments during the Covid lockdowns, this has meant that far fewer businesses collapsed in the UK than in France of Germany.   
>  
> “As a consequence, Britain now has one of the lowest unemployment rates in all of Europe.”  
>  
> Sir Michael Fabricant

*Seven candidates will stand in the Lichfield constituency:*

- *Sir Michael Fabricant – Conservatives*
- *Richard Howard – Reform UK*
- *Pete Longman – Independent*
- *John Madden – Independent*
- *Heather McNeillis – Green Party*
- *Paul Ray – Liberal Democrats*
- *Dave Robertson – Labour*