The questions which will determine whether families feel the pinch this Christmas and beyond are all up to the chancellor, says Carys Roberts of the IPPR
. More than half of the gap is among older workers, with increases driven by retirement and sickness. With the UK economy able to produce less than it could before the pandemic, the Bank’s concern is that low interest rates will lead to inflationary pressures.is not able to address most of these challenges through monetary policy. Even after the increase, interest rates are ultra-low.
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