For many it’s been a difficult 2023 as the Covid legacy continues to drag any real progress down . However at long last Annual UK Inflation ( CPI ) has dropped below 4% and there is talk of a reduction in Interest rates ( currently at 5.25% ) at some point in 2024 , albeit the initial reductions may be nominal .
On the International front , the War in Ukraine drags on and a new conflict between Israel and Hamas threatens to plunge the Middle East into further difficulties .
With a UK General Election due in 2024 , current forecasts suggest a probable change of Government and the inevitable change to policies this will bring . For now , both Consumers and Businesses appear a bit more optimistic about next Year .
Best wishes from BGR for the Festive Season , a time to re-charge the batteries ,catch up with Friends and Family and remember those less fortunate at what can be a difficult time of Year for many people.
