Author: Nikki Hawkes

Investors viewed the UKs financial stability, and ultimately its ability to repay its debt as more precarious than before the mini budget. In their eyes, the UKs credit worthiness had diminished, and as a result demanded a higher rate of return for UK government bonds. Demand for bonds in circulation dropped, and so did their price, causing their yield to spike to 4.5%

In this digital era, semiconductors have become the key to survival and prosperity for every economy. And quite reasonably so, as semiconductors are the backbone of a digital economy. Semiconductors are essential to almost every technology, from smartphones to electric cars. 

If you boil it down, a recession is simply two consecutive quarters (so half a year) of negative economic growth. It’s a period where our economy is getting smaller, not bigger. Sure, recessions normally last longer but that’s the textbook definition of a recession.

Why are we seeing high inflation? There are a lot of moving parts here, so let’s break it down. Inflation levels rose significantly towards the close of 2021, where the UK recorded its highest rate of inflation in almost 3 decades, at 5.4%, and the US experienced its highest inflation rate in nearly 40 years, at nearly 7%.