6 December 2022 - CBI sees 0.4% contraction in UK economy in 2023

The Confederation of British Industry, nicknamed the Bosses Union, yesterday condemned the Government for the lack of support industry has received while Brexit regulations have caused chaos for businesses trying to continue to do business in Europe. It called the Conservatives ten years in power the lost decade, as it predicted that the economy would shrink by 0.4% in 2023. Inflation is likely to continue to rise and investment by businesses in their own development, already down, would dry up entirely. This grim outlook has been attributed to a decade of missed opportunities, the most telling of which has undoubtedly been the UK’s departure from the safety net that is the European Union. Stagflation has arrived in the UK economy, with rising inflation, an economy that is contracting and already in recession, low productivity, and business investment. 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.