Tumultous is a word that doesn’t really do 2022 justice. Most people were looking forward to a year of calm as the Covid pandemic faded, but instead got turmoil and the cost of living crisis.
In the UK, we mixed the global unrest dealt by Russia’s invasion of Ukraine and the inflation spike, with our own dose of political instability.
A year in which you get through three Prime Ministers and four Chancellors is no ordinary one and the mini-Budget chaos led to the UK’s own little self-inflicted financial crisis.
That was dealt with by new Chancellor Jeremy Hunt and new PM Rishi Sunak reversing all of Kwasi Kwarteng and Liz Truss’s giveaways and adding some tax hikes on top for good measure.
So, where do we stand at the end of a year of double digit inflation, rapidly rising interest rates and a general sense of gloominess? Will next year be better?
Georgie Frost, Helen Crane and Simon Lambert take a look back at the big financial events of 2022 and look forward to 2023 on this special year end podcast.
