"The UK economy grew at 7.5% in 2021. This was the fastest rate recorded by any G7 member. However, having contracted at the fastest rate in the G7 the year before, this was to be expected.

Overall, taking the net of the two years, the UK placed fourth, having only just managed to return to the level it was at prior to the Pandemic.

Chancellor Rishi Sunak rejoiced in the pace of growth, while playing down the significant headwinds that the economy is facing.

April is beginning to loom large. It is the month that will see the implementation of the Government’s increase in National Insurance contributions. The Government’s cap in energy bills will also be increased. This means that even without rising inflation, household incomes are about to take a major hit.

The knock-on effect of this is that consumer spending will begin to fall as families make a decision that could be as stark as having to decide whether to eat or stay warm.

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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.