🔴 Public confidence in the Bank of England has slumped to an all-time low as pressure mounts on Andrew Bailey to tackle the cost-of-living crisis. Read more on our business liveblog 👇
Richard Carter at Quilter Cheviot warns the global surge in inflation isn;'t going anywhere any time soon. This is also likely to be a very protracted peak with inflation to remain high for some time to come. Energy prices have the potential to keep rising further as the Ukraine war drags on and once China switches back on following their Covid shutdowns. This is very much a global problem and not going anywhere anytime soon.
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