Britain's Chancellor of the Exchequer Rachel Reeves speaks with members of the staff as they visit St. George's Hospital, in London, on Monday, Oct. 28, 2024. (Leon Neal/Pool Photo via AP)UK inflation has dropped by more than expected in a last-minute boost for chancellor Rachel Reeves before she announces her Spring Statement this afternoon.The Office for National Statistics confirmed the it had fallen from its January rate of 3% 2.8%. Economists had predicted it would be 2.9%.According to the ONS, the fall was due to a drop in the price of women’s clothes which was only partially offset by other prices such as small increases in alcoholic drinks.The Bank of England’s target is for an inflation rate of 2%.Shadow chancellor Mel Stride said: “Inflation remains higher than when Labour took office, and the Bank of England expect it to r