Joe Blogs: British Pound Set to Crash

The UK economy faces an increasingly bleak outlook as revised forecasts from the Bank of England paint a significantly grimmer picture than anticipated just months ago. The Bank’s latest projections for GDP and inflation, released today, reveal a stark deterioration compared to the November 2024 figures, signaling potential trouble ahead for both the government and the nation’s economic stability. The revised forecasts, while details are still emerging, are understood to indicate a weaker growth trajectory and a prolonged period of elevated inflation. This unwelcome combination, often dubbed “stagflation,” poses a considerable challenge to policymakers, forcing them to navigate a tightrope…