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Podcast: Beyond Currency
Episode: 17 January 2023 - Savers getting a raw deal
Description: The long-predicted recession in the UK economy is still considered likely, even after the growth that was recorded in November. All that has happened is that it has been deferred for a single quarter.
In order for a recession to have begun in the fourth quarter of last year, activity would have had to virtually collapse in December. Although there will have been a hit for the industrial action that has been widespread across the public sector, its effect will be seen more in the current period.
It was reported yesterday that despite interest rates rising at every MPC meeting...