State of play 25 March 2022.
23rd March saw two key announcements. Firstly, the Chancellor of the Exchequer, Rishi Sunak, faced a difficult task of navigating competing priorities as the cost-of-living crisis, caused by rising energy and commodity prices, forced his hand in the 2022 Spring Statement.
Secondly, the Office for National Statistics announced the latest inflation data for February, showing prices rising at their highest levels for 30 years.
Our Investment Specialist, Simon Durling, shares his thoughts on these announcements in this week’s State of Play.