Infrastructure and renewables - big yields, big discounts

Even after June's better-than-expected inflation figures, core UK inflation remains high, which suggests higher interest rates for longer. Commentators are expecting that the base rate, which at 5.25% is at its highest for over 15 years, is likely to peak around 5.75%. This would bring even more pain for mortgage borrowers and greater government borrowing costs to an already faltering economy. The Bank of England's job 'is not done' yet after 25bps hike Part of the reason inflation has remained high relates to the pandemic. Some workers left the workforce permanently, reducing the ...