Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
“The spectre of stagflation has reared up over the UK economy with the growth forecast revised sharply downwards while higher prices are set to be entrenched for many months to come. The invasion of Ukraine and soaring commodity prices have upended previous forecasts from the UK’s independent Office for Budget Responsibility, which now expects the economy to grow at a much slower pace of 3.8% this...