Inflation has outpaced wage growth since the end of 2021, having a significant impact on the cost of living.
Chart of the Week
Summary In the past year, people in the UK have experienced larger than normal increases in the cost of living, with some categories of goods having as high as a 14% increase. Skyrocketing gas prices are making logistics, transportation, and energy extremely more expensive. The lorry driver shortage has played a part in this and […]
Chart of the Week
This week, we present a series of charts to examine the price cap, the measures put in place, and what they mean for households.
The Outlook for the UK Economy
Wednesday 2nd March 2022, Geological Society, 6.30pm.
Chart of the Week
The rise in CPI to recent highs of 2.5% in June left many observers warning of persistent inflationary pressure. Nevertheless, the Governor of the Bank of England, Andrew Bailey, cautioned against overreacting to a ‘temporary’ jump in inflation. CPI figures from July seem to have justified his advice, with the headline year on year inflation rate falling to the government’s target of 2%. Despite this, the data strongly suggests that it is too early to claim victory.
Covid 19: How are people are making ends meet?
There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.