'Good news' for people in work despite inflation rise but 'question mark' remains

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She continued: “Yes, people do worry. On the other hand, what you’ve got is, yes the threat maybe of interest rates going up but wages are going up quite significantly.

“So you said I’m not the worrying type – the good news is, forget the productivity issue that Boris Johnson is talking about.

“In terms of purchasing power for those who are at work, so their disposable incomes for the moment before the tax rises, is going up.

“That’s good news because they can just about cover, if not more than cover, the inflation issues that we’re facing at present. How long that will last is a question mark for many.”

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