The UK is headed for more economic volatility - so where are the plans to deal with a new downturn from the two prime-ministerial hopefuls?
The UK is headed for more economic volatility – so where are the plans to deal with a new downturn from the two prime-ministerial hopefuls?Governor of the Bank of England, Andrew Bailey has been dealt an unlucky hand compared with his predecessors The last time that inflation passed 13 per cent, Liz Truss was five years old. Rishi Sunak had just been born.This time we are in trouble because of
, cranking up energy prices – worsened by successive UK Governments’ failure to address energy security – as well as other global commodities such as wheat.and because of a slow response by the Treasury and the Bank of England, who are now playing catch-up.expected to hit £4,210 in January , household income will take a severe hit. Even the well-off are already feeling this crunch.
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