Part 6/9:
Inflation and Interest Rates: An Unpleasant Reality
Inflation rates are intrinsic to the current economic discourse, especially given the UK’s target rate of 2%. Despite initial successes in reducing inflation, recent upward trends have alarmed policymakers. A rise to 2.6% in November brings challenges in maintaining a conducive environment for economic recovery, while high-interest rates, currently at 4.75%, stifle both consumer and business borrowing.