The Caithness Business Index has posted the following article:

Biggest Inflation Shock In Over 40 Years Has Turned Britain Into A Nation Of Savers

[IMG][/IMG] Official data next Wednesday looks set to show inflation returning to close to the two per cent target, drawing a line under a three-year inflation spike that has left British households spending less and saving more, according to new Resolution Foundation research published on Friday 17 May 2024. With CPI inflation for April set to fall within touching distance of the Bank of England's two per cent target for the time since July 2021, the report examines the scale of Britainís inflation shock, and how it has affected living standards, spending behaviour and the public finances. [Read Full Article]