poorer people, necessities are a much bigger chunk of their income so the rises we are seeing, we saw ofgem moving the icecap up to 4% earlier this year and another 40% or so rise towards the end of the year so those things are going to seriously continue to affect our economy. in seriously continue to affect our economy. seriously continue to affect our economy. in this sort of narrative our economy. in this sort of narrative keeps our economy. in this sort of narrative keeps coming - our economy. in this sort of| narrative keeps coming from our economy. in this sort of - narrative keeps coming from all sides. today it is the resolution foundation, we have the bank of england warning high inflation will persist in the uk longer than other countries, the oecd warning that uk growth will be seriously behind most other developed countries. it doesn t paint a good picture for the uk going forward, does it? i paint a good picture for the uk going forward, does it?- going forward, does
macdonald, fund manager at amati global investors. what s interesting about this report, we are not surprised to hear families are struggling, especially those in single parent homes, that kind of scenario but what i found interesting was uk households are worse hit than other countries. what does it say? it s an interesting report going back over time, working out that wages have been rising at a slower pace than several other developed economies. and that really goes down to low productivity. we need to therefore have further investment in education and infrastructure to increase our productivity but those kind of requirements, to very difficult time for the economy in terms of recovering from the pandemic and trying to cope with rising food and fuel prices. for
be talking about all sorts of issue, not least the cost of living crisis and the impact on households notjust in the uk but in other countries as well. i will see you soon. hello there. the weather story for this upcoming week looks rather benign. we ve got high pressure trying to build in slowly from the south west. that will slowly settle things down for northern and western areas, and we should start to see increasing amounts of sunshine and warmth across southern and eastern parts. for monday, low pressure still to the north of the uk, higher pressure to the south. it s close enough to bring further showery bursts of rain at times, most of it across the north and the west of scotland. a few showers for northern ireland, one or two across north west england and north wales. the band of cloud will sink southwards while, after a sunny start in england and wales, it will turn cloudier for a bit through the afternoon. most places should stay dry across southern and eastern areas. the ma