11 May 2022 - Borrowing costs skyrocketing

The Government spelled out its plans for the next year to Parliament yesterday as in the Queen’s absence, Prince Charles, her heir, set out the legislative agenda. Boris Johnson then had to defend the programme from the inevitable criticism of the opposition parties. Johnson freely admits that it is almost impossible for the Government to provide additional support to the families who are beginning to suffer from the continued cost of living crisis. The emphasis of Parliamentary business for the next year will be on creating conditions for the country to be able to grow its way out of the coming slump which could turn into a recession. Johnson and his Chancellor Rishi Sunak firmly believe that despite the current conditions with interest rates rising and energy bills soaring, that promoting growth which in turn will lead to the generation of jobs is the way to deal with the cost-of-living crisis. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.