The Caithness Business Index has posted the following article:

Rising Inflation Will Reduce Chancellor's Borrowing Windfall From Rapid Pandemic Recovery

[IMG][/IMG] The UK is set for its biggest ever current-year economic growth upgrade next week as a result of a smaller-than-forecast pandemic hit, and a faster-than-expected pandemic recovery, but rising inflation will squeeze both the Chancellor's borrowing windfall and family budgets this autumn, according to new research published today (Tuesday) by the Resolution Foundation. The Uncertainty Principle examines the UK's economic and fiscal outlook and what this means for the big policy decisions facing the Chancellor as he prepares to deliver his Budget and Spending Review next Wednesday. [Read Full Article]