UK inflation will still be well above the Bank of England’s target level by the end of 2027, according to a leading economist.

Andrew Sentance, who previously sat on the Bank’s interest rate-setting Monetary Policy Committee , believes the consumer prices index (CPI) measure of inflation will still be around 3.5 per cent by the end of 2026.

And a year later, at the end of 2027, he expects it to be around 2 per cent.

This differs to the Bank of England’s own forecasts, which suggest CPI will hit 2 per cent by the summer of 2027.

It is currently 3.8 per cent.

If Sentance is correct, it means Brits face two more years of high price increases, and potentially higher-than-predicted mortgage rates.

Mortgage rates tend to fall when the Bank of England cuts interest rates, which it does w

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