UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.
Regular pay tumbles in first quarter of 2022
Only growth in bonuses keeps total pay growth positive.
GDP fell by 0.1% in March 2022
Fears of recession as monthly GDP contracts.
BCC calls for emergency budget
Budget demanded due to rising costs for businesses.
Interest rate increases to 13-year-high
Bank of England announces interest rate rise to tackle cost of living.