If it does reach thay level, and stay there for any amount of time, I think a lot of people are going to be in a lot of trouble. The government don’t care and employers aren’t realistically going to be giving widespread pay rises (being as charitable as possible, energy prices mean that they legitimately can’t afford it in a lot of cases, and if they can then inflation probably makes the extra cost unpalatable in terms of margins).
Interest rates are going to have to rise significantly
So, why so much higher in the UK since it is newly liberated from the shackles of the Diktatorial EUSSR and can “unleash the benefits of trading with the big wide word” etc?
How is the money printing going ? This is the outcome of printing money just because you can. Covid provided a perfect excuse for the morons in charge to dump billions of pounds into the economy.
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If it does reach thay level, and stay there for any amount of time, I think a lot of people are going to be in a lot of trouble. The government don’t care and employers aren’t realistically going to be giving widespread pay rises (being as charitable as possible, energy prices mean that they legitimately can’t afford it in a lot of cases, and if they can then inflation probably makes the extra cost unpalatable in terms of margins).
Interest rates are going to have to rise significantly
So, why so much higher in the UK since it is newly liberated from the shackles of the Diktatorial EUSSR and can “unleash the benefits of trading with the big wide word” etc?
How is the money printing going ? This is the outcome of printing money just because you can. Covid provided a perfect excuse for the morons in charge to dump billions of pounds into the economy.
‘Could’ top 30% – could be 5%