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The most likely outcome for the UK inflation rate is to return to 2% between mid-2023 and 2024. This is the view of National Institute of Economic and Social Research director Professor Jagjit Chadha.
A blissfully unaware generation faces prolonged pain from higher interest rates
Ryanair has told shareholders to expect further Covid-related disruption after the omicron variant “severely damaged” its peak Christmas and New Year bookings.
Despite the Government’s bluster about increasing defence spending, on current plans it is due to fall to just below 2pc of GDP
Rescinding the increases would eventually be self-financing, but in the meantime borrowing can take the strain