We can’t borrow our way out of this
Jun 17, 2022
2 minutes
Matthew Lynn City columnist
There is no question that households are feeling the worst squeeze on their budgets for the last 30 years. Inflation has already hit 9%, and may well climb to 10% by next month. An average car costs £100 to fill up with petrol and groceries are more expensive than ever. With wages only rising by 3%-4% at most, people are getting poorer and many are already cutting
You’re reading a preview, subscribe to read more.
Start your free 30 days