Britain Is On The Brink Of An Inflationary Spiral – Sunak needs to act now

13 comments
  1. Thank fuck my house purchase completes next week with my 5 year fixed mortgage, is all I can say.

    Funny how this blogger mentions the supply shock but not the dramatic drop in trade we’ve seen from Brexit, easily the biggest Uk self own since Suez.

  2. … he needs to act now… but he won’t except as to remind folks about how to pull themselves up by their bootstraps like he did…

  3. Sunak is throwing the dice. If the dice fall his way he’s fine. If they don’t.., he’s still fine but everybody else will be in a bit of trouble.

  4. Will raising interest rates reduce supply side inflation? It’s not demand driven as the prices that are really having a dramatic impact are essential goods.

    Raising interest rates significantly will do way more damage as it will just leave those struggling with even less to spend on essentials.

  5. He needs to act now, however he will do nothing and blame it on COVID/Brexit/Ukraine as a reason to delay acting for a few months. We have spent a lot of money recently, however the poor cannot endure more cuts to their living standards and now being priced out of the basics in the economy. You cannot have a strong economy when a sizeable portion of the public struggle to afford food, fuel and shelter. Unless the Tories want the economy to be supported by the rich only, they will have to do something to help people.

  6. No point overly worrying nothing can be done, it’s easier said than done though people are going to be in tough situations crazy to think this is all the consequences of covid causing the supply issues, the economy being flooded with so much cash, price of commodoites rocketing and to make matters worse we have Putin causing more problems. It’ll pass hopefully within the next 2 years (a bit too optimistic I think). Sunak is as incompetent as they come at least in the USA Powell and the FED are taking actions whats this idiot waiting for!?

  7. If we dont get the Tories out of power soon, many of us are about to die. Just saying, that clock is ticking.

  8. Ah, the man who went to a £45000 a year school, worth around £200 million and married to the daughter of a billionaire. I’m so glad he speaks for us all because he knows what it’s like.

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