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Podcast: Beyond Currency
Episode: 31 May 2022 - UK economy stalling rapidly
Description: It is considered likely that the Government will need to provide a second round of support, as the cost-of-living crisis is expected to continue well into 2023.
A survey conducted by Citibank has shown that the expectation is that inflation will remain above 6% for at least another year. With a rise in the energy cap confirmed for October, they could easily be another in early 2023 taking the average family’s bill above £3,500.
The end of the low interest rate, low inflation era is well and truly over. Savers will face the dilemma of making sure that their investments are now able to...