Recession!

[Workingman]

The BoE is forecasting five quarters of economic contraction, that's the last quarter this year and all of 2023. It also expects inflation to reach 13% before falling back - sometime. GDP is also set to shrink during that period.

The other day it was reported that 16,000 firms had closed during the pandemic. How many more will now go under?

[TheOstrich]

The BoE is forecasting five quarters of economic contraction, that's the last quarter this year and all of 2023. It also expects inflation to reach 13% before falling back - sometime.

I'm going to be VERY interested to see if the Tories renege on the Triple Lock for pensioners again this year.

I'm also going to be very interested to see if the clearing banks (Barclays, I'm looking at you) are now shamed into raising their abysmal saving rates from the 0.01% they're currently set at ......

[Suff]

I'm also going to be very interested to see if the clearing banks (Barclays, I'm looking at you) are now shamed into raising their abysmal saving rates from the 0.01% they're currently set at ......

Not until the smaller and more flexible banks start taking away their investors with higher interest rates. Then the free for all will begin.