the chancellor, jeremy hunt, said there was a tough road ahead. i don t know weather inflation has peaked or not but i think it is likely to get worse before it gets better. this is a very, very challenging situation, more than a third of the world s economy is predicted to be in recession this year or next, but we have a plan, the obr say we will more than halve inflation over the next year and if we stay the course, we can tackle that high inflation. we can now speak to a journalist and economist will hutton. how do the economic woes of the uk at the moment compare to other economies? irlot at the moment compare to other economies? at the moment compare to other economies? ., ., , ., economies? not good. the household incomes, economies? not good. the household incomes. people s economies? not good. the household incomes, people s spending, - economies? not good. the household incomes, people s spending, is - economies? not good. the household incomes, people s spending, is one
when is a cup cake much more than a cup cake? when it s from a small business struggling to weather inflation. rising fuel costs and a job market that, frankly, has a lot more openings than available workers. the cup cake now a symbol of the struggles nationwide as cnns with nadia romero reports zwl. reporter: every step of the baking process now costs more. when you look at your cost of goods sold and you re like whoa. almost eight years ago kabbara and henry started cup cakery in east lake georgia, .baking business almost a bust during the pandemic shutdowns. that two weeks was the scariest period of my life because we didn t know. but they ve been bake being and surprise. the president touting booming job growth. wages up, unemployment down.