Curb Inflation Now Before We Pay Price Of Ravaged Economy
Daily Express|December 08, 2021
inflation will exceed five per cent early next year, warns the Bank of England’s deputy governor, Ben Broadbent, and it’s a frightening prospect for all of us.
Tim Newark
Curb Inflation Now Before We Pay Price Of Ravaged Economy

Older generations will remember the rampant inflation of the 1970s that wrecked savings, triggered waves of strikes for higher pay and a cost of living crisis that ended the Labour Party’s reputation for economic competence for a generation.

Boris Johnson needs to get a grip of the situation before his Conservative government becomes associated with a price rise tsunami that hits hardest many of its most loyal supporters – the aspiring working classes, sensible savers and the elderly living on fixed incomes.

Many politicians and economists appear relaxed about the prospect, believing it is only temporary or that a little bit of inflation will be good for us, whittling away at our massive debts, but once in the system it is very difficult to remove, feeding on itself, creating a spiral of rising prices and wages.

This story is from the December 08, 2021 edition of Daily Express.

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This story is from the December 08, 2021 edition of Daily Express.

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