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At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their ambitions were branching out. Were branching out. We have struggled were branching out. We have struggled to were branching out. We have struggled to try were branching out. We have struggled to try to were branching out. We have struggled to try to work were branching out. We have struggl ....
Got the internal pressure, which is the cost of food and drink and then we got the external pressure which is the lack of money and people s bothers. so we have been hit by sort of two forces at the same time which, in our 20 years of doing this, has never happened before. ~ , , , ., , before. when gdp is raising, in theo , before. when gdp is raising, in theory. all before. when gdp is raising, in theory, all things before. when gdp is raising, in theory, all things flow - before. when gdp is raising, in theory, all things flow a - before. when gdp is raising, in theory, all things flow a bit - theory, all things flow a bit more easily, meaning people often spend more as more jobs are created and there are better pay rises around. but instead right now many households are cutting back. when we ve been abroad. we havenl when we ve been abroad. we haven t been abroad for a long time, haven t been abroad for a long time, have we? it haven t been abroad for a long time, have we? t ....