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Podcast: Beyond Currency
Episode: 21st February 2022 - Recession may be the cost to BoE
Description: "When the MPC voted against a hike in interest rates last November, it is doubtful that they realized that their decision would lead them to the position they find themselves in now.
Inflation is pretty much out of control now and consumers are facing a further cost of living rise in the coming weeks. The rising wholesale price of gas has its origins in several areas of the global economy and cannot be considered to be due to a single event.
However, the timing of the significant rise in national insurance contributions is the brainchild of the Chancellor and is...