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UK economy: 'Inflation squeeze' is set to worsen - Tip TV

UK Consumer spending in March as represented by the Retail Sales dropped the most since 2011.
Mike Ingram, Strategist at BGC Partner says, it is the sharp spike in the retail price inflation to five year high and flat wage growth that is hurting the UK consumer.
Ingram says, “There is plenty of inflation in the pipeline” So no surprises if we see a sequential drop in the retail sales.
Watch the full segment to know if Trump’s tax cuts would boost the economic growth or merely benefit the top 5% of the US economy.

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