The pound has strengthened slightly against both the euro and the dollar this morning ahead of US inflation figures.
Yesterday saw Prince Charles deliver the Queen’s speech which set out the government’s agenda for the coming year. He said that the main priority “is to grow and strengthen the economy and help ease the cost of living for families”.
According to research by the National Institute of Economic and Social Research (NIESR), an estimated 1.5 million households will struggle to pay energy and food bills over the next year.
Nonetheless, there is not expected to be any major cost of living policies introduced. Instead, the 38 bills and draft bills will cover issues like energy security, the growing number of empty high street shops and the levelling up agenda (which aims to reduce the regional disparities in the country).
Tomorrow, we will see GDP figures released. The UK economy is expected to expand year-on-year but contract month-on-month.
