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Podcast: Beyond Currency
Episode: 21 April 2023 - No end yet to cost of living crisis
Description: This week's release of employment and inflation data has painted a different picture to the optimistic noises emanating from the Government and more recently the Institute of Directors.
Following an unexpected rise in jobless numbers, the figures for inflation in March showed that despite the Bank of England having raised interest rates, albeit in modest increments, at every meeting of the MPC since December 2021, at an annual rate in excess of ten percent.
Chancellor of the Exchequer, Jeremy Hunt, and his colleagues at the Treasury were disappointed recently by the IMF report which placed the UK at the bottom of...