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Podcast: Beyond Currency
Episode: 25th March 2022 - Cost of living squeeze to worsen
Description: "The degree of uncertainty that has crept into the UK economy recently is continuing to grow. Data released yesterday showed that manufacturing output fell from 58 in February to 55 in March. Services, which make up 80% of activity, rose slightly from 60.5 to 61. While both sectors are still well above the line which marks a slowdown, this is expected to change going forward
Following the publication of the Chancellor’s Spring Statement on Wednesday, predictions for growth in 2022 have fallen to 2.2% while inflation, rising at its fastest rate since 1992, could reach 9%.
With the rise in inflation having so far reached 6.2% and living standard ex...