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What happens if inflation is out of control?

As inflation begins to creep up, businesses and consumers across the UK are seeing the pound being stretched, but how bad could it get?

As inflation begins to creep up, businesses and consumers across the UK are seeing the pound being stretched. Interest rate increases are all but inevitable, but how bad could it get?

In a recent webinar, a panel of experts looked at what it could mean for the UK, and the wider global economy, if inflation not only continues to increase, but gets out of control.

Our panellists include:
  • Damian O’Sullivan, Finance Director, Centresoft Ltd
  • Mark Palmer, COO, Hamilton Court FX
  • Mike Buggy, Head of Risk Underwriting, Euler Hermes
  • Luca Moneta, Team Leader, Political Risk Analysis, Marsh Specialty
  • Moderators: Ian Leslie, Trade Credit Sales & Business Development Leader and Robert Butler, Birmingham Practice Leader, Trade Credit, Marsh Specialty

1. With inflation hitting a 30 year high in January 2022 and seemingly continuing to escalate. How bad do you feel things could really get?

2. How much impact do you think the crisis in Ukraine has had on exacerbating the inflation problem?

3. Are we now seeing one of the potential downsides of globalisation?

4. Interest rates are commonly used to combat inflation, and we’ve seen that recently with the BOE raising the interest rates here in the UK by another 0.25 up to 0.75. Should this continue, what could it mean for UK businesses?

5. What steps do you think businesses should take now to protect themselves in the event of interest rates escalating out of control?

6. Do we think the EU is more or less at risk of interest rate rises in 2022?

About our speakers

Ian Leslie

Ian Leslie

Sales & Business Development Leader, Trade Credit

  • United Kingdom

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Robert Butler

Practice Leader, Birmingham Trade Credit