UK economy ‘too weak’ to suffer from sky high inflation Economics The UK economy will not suffer from a return of persistent high inflation because its labour market is too weak for staff to demand pay rises, a top investment bank has said. In a research note, Berenberg said that the government’s tighter grasp on the public finances and its rapidly deteriorating jobs market mean households [...]
It’s not the oil price, it’s the government response that matters Opinion Like most commodities, oil has fluctuated in price very substantially over time with regrettable effects on household incomes. But the biggest mistake would be to try to protect living standards as a whole when the country has been made worse off, says Paul Ormerod Shock, horror, the oil price is over $100 a barrel. The [...]