"The Office for National Statistics in a report published yesterday expressed its concerns that the unprecedented upheaval that the country has faced over the past five or six years will bring the return of a level of poverty that was believed to have been eradicated permanently.

Brexit followed by the Pandemic then the ongoing conflict in Ukraine means that the country, the Chancellor and the Central Bank are continually firefighting without being able to set in motion the policies and actions that formed the Government's manifesto following its election victory.

Indeed, it is now more than likely that the current Parliament will not have been able to do anything it set out to do and the standard of living for ordinary people will have dropped considerably.

Bank of England Vice-Governor Ben Broadbent concurred with the findings of the report, adding his belief that it is doubtful that UK households had ever faced such a hit to national income, and it is highly likely that inflation will continue to rise while the economy suffers below average growth.

In separate comments, Broadbent went on to encourage his colleagues on the Monetary Policy Committee to consider their words carefully when making comments about voting intentions or their views on the economy to ensure that they didn’t add to public concerns or spook the market.

"

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