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Podcast: Beyond Currency
Episode: 31 August 2022 - Goldman Sachs tops Citibank’s inflation estimate
Description: U.S. investment bank Goldman Sachs has gone even further than its Wall Street rival Citibank in predicting that inflation in the UK could reach 22% next year.
Last week, Citibank made a prediction that price rises in the UK could top 17% but Goldman believes that the energy crisis could push inflation even higher with the Bank of England helpless to bring it back under control.
The hospitality sector, which is only now recovering from the battering it took during the Pandemic, is facing further devastation with its trade body writing an open letter to the Government yesterday pleading for assistance...