Chancellor Jeremy Hunt achieves one hundred days in office with some optimistic news on the economy.<br /><br />According to Bank of England Governor Andrew Bailey, as energy prices decline, inflation is projected to decline quickly this year. <br />In an interview with Media Wales, Mr. Bailey suggested that a recent decrease in inflation would indicate "a corner has been turned." <br />According to him, the Bank was not attempting to alter market predictions that interest rates will reach their top at 4.5%. <br />A UK recession was still likely as a result of the epidemic and the rising cost of living, he argued. <br />As economies recover from the Covidian crisis and Russia's war in Ukraine drives up oil and gas prices, rising energy costs have become a significant factor in inflation, or how quickly prices grow. <br />However, recent weeks have seen a decline in wholesale energy prices, while actual energy costs have exceeded expectations. <br />According to Mr. Bailey, this has increased the Bank's confidence that inflation may be on a "easier path."<br /><br />Financial Expert Kevin Mountford, Co-Founder of Raisin UK joins us for his analysis of the current economic situation<br />
