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Strikes, Gas Shortages, Higher Interest Rates and Inflation Point To A Summer of Discontent and Recession
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:23:09
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Sinopsis
Strikes, Gas Shortages, Higher Interest Rates and Inflation Point To A Summer of Discontent and Recession Rail unions strike for higher pay and better working conditions. More industrial action on the way threatening to stall the economic recover and drive the country into recession. The US and China, the world’s two biggest economies are also stalling, and Germany is facing gas rationing. Inflation is at a 40-year high forcing central banks to raise interest rates pushing up the cost of borrowing for millions of cash-strapped consumers. Stock markets recovered slightly after falling sharply last week. People buying less at supermarkets as food prices rise, BBC reports. Interest Free Loans Launched To Help The Financially Vulnerable A Treasury-backed scheme offering interest-free loans to the financially vulnerable is being rolled out in various parts of the UK to help up to 20,000 people. The UK government scheme will be run by credit unions and other lenders, with an aim is to offer emergency loans to peopl