Millions of people have been told the cost of living crisis could last until 2023 with things only becoming more stable in 2024
The Governor of the Bank of England warned today (February 4) that inflation may not recover to normal levels for another two years and pay squeezes are expected.
Andrew Bailey told BBC Radio 4’s Today programme: “It is going to be a difficult period ahead, I readily admit, because we all get we are already seeing and we’re going to see a reduction in real income.
