We come to the end of yet another “unprecedented” year. The UK had three prime ministers, grieved its longest-reigning monarch and watched as energy and food bills soared in the wake of the Russian invasion of Ukraine.
Trying to predict what happens next year might therefore sound like a mug's game, but brave editors and reporters from across Bloomberg UK's newsroom have taken a crack at it. From the big issues facing Rishi Sunak to Cornish lobster, our experts below cast their predictions for what's coming in the year ahead.
And, if you want to see how well last year's predictions fared before going onto this year's, we have that covered, too.
Here are our predictions for 2023. A version of this first appeared in The Readout with Allegra Stratton.
“European governments will struggle to maintain the same level of energy subsidies as they did in 2022, which perversely may mean that even if wholesale prices drop, retail prices may remain as high, or even higher, in 2023 than in 2022.”- Javier BlasBloomberg Opinion“I've been surprised at how long it took the UK government to take the energy crisis seriously. Help only started for households in October and will be scaled back in April meaning higher bills. It's hard to see the situation improving by next winter – Europe is already bracing for at least another year of high prices, and it's not clear how the Prime Minister plans to deal with this in Britain”- Rachel MorisonTeam leader for gas, power and renewables in Europe
“While Christmas won't be as bad as expected, next year could be much worse.
Heating bills will land in January alongside credit card bills, while mortgage costs will intensify. Unless inflation starts to come down, I would not be surprised to see a sharp
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