If you really want to understand the economy, leave Canary Wharf and meet the small businesses

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If you really want to understand the economy, leave Canary Wharf and meet the small businesses
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✒️ If the macroeconomists and Government really want to get to the bottom of the numbers, they should spend more time listening to the people who are behind them, writes Dominic Hiatt

The number crunchers should also pay a visit to Gary Boakes of the mortgage broker, Verve Financial. Gary and his business partner and wife, Michelle, have both undertaken mental health first-aid training to support the growing number of their clients who are crippled with worry about their mortgage payments. That speaks volumes about what’s happening on the ground. This isn’t just an economic crisis, it’s a mental health crisis, too.

, who says “right now is desperate for tiny businesses like ours. We’re both supplementing our income with other work. The whole situation is dire for everyone so how can we expect people who can’t afford to put the heating on to buy new kids’ books?”Mayfli , says “inflation is having a devastating impact on charities, as people have less disposable income and are not in a position to donate even if they want to. Every last penny is being spent on energy bills and rising mortgage or rent payments. Charities are in the most precarious position I can remember.”about the GDP data to the media

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