"The degree of uncertainty that has crept into the UK economy recently is continuing to grow. Data released yesterday showed that manufacturing output fell from 58 in February to 55 in March. Services, which make up 80% of activity, rose slightly from 60.5 to 61. While both sectors are still well above the line which marks a slowdown, this is expected to change going forward

Following the publication of the Chancellor’s Spring Statement on Wednesday, predictions for growth in 2022 have fallen to 2.2% while inflation, rising at its fastest rate since 1992, could reach 9%.

With the rise in inflation having so far reached 6.2% and living standard expected to fall to the lowest since 1955, the Government faces a tough summer as its popularity already dented by the Partygate scandal struggles to retain credibility.

An issue that has not been seen for some time is the matter of rising interest rates.

The housing market in the UK has been buoyed in recent years by the number of deals available from lenders that have seen prices rise. This along with the schemes made available by Rishi Sunak during the Pandemic has seen prices continue to rise.

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