UK house prices hit record high, but cost of living squeeze will slow growth ‘considerably’ – business live | Business

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Inflation will hit UK economic growth this year as consumers are hit by rising prices, economists warn today.

The EY Item Club has cut its forecast for UK economic growth this year to 4.9%, down from 5.6%, as the squeeze on households’ spending power and the…

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News Source: https://www.theguardian.com/business/live/2022/feb/07/uk-house-prices-inflation-squeeze-stock-markets-growth-ftse-economics-business-live

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