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Podcast: Beyond Currency
Episode: 20 December 2022 - BoE wants to limit deregulation
Description: A leading firm of accountants has predicted that the UK economy will contract by 1.3% in 2023. Given the current situation, this appears to be a relatively conservative estimate. 2022 has been characterized by the return of three issues that haven't been seen in a generation, although there is no feeling of nostalgia.
Inflation, political turmoil and strikes have been at the centre, while a downturn of economy and rising interest rates have been the predictable outcome.
After more than a decade when the Bank of England’s independence was barely tested, this year there have been nine interest rate hikes as the pe...