Listen: Britain’s cost of living crisis

The war in Ukraine will exacerbate the UK's cost of living crisis this year, with real disposable incomes set to drop by the most on record. In this podcast, ING economist James Smith discusses the outlook for growth and inflation, and what the unprecedented squeeze on living standards means for future fiscal and monetary policy

James Smith

Developed Markets Economist, UK

Rebecca Byrne

Senior Editor and Supervisory Analyst

UK Chancellor Rishi Sunak may have to offer more fiscal support this year while the Bank of England may cut its tightening cycle short, as Britain faces its worst cost of living crisis in 60 years. In this podcast, ING's James Smith tells Senior Editor Rebecca Byrne that a recession is growing more likely, as surging inflation hits consumer spending.

Authors

James Smith

Developed Markets Economist, UK

Rebecca Byrne

Senior Editor and Supervisory Analyst

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