Wages are back behind inflation. As was near enough inevitable after Brexit.
And now some of the
looniesmembers on the Bank of England Monetary Policy Committee are more likely to vote for interest rate rises as a result, tipping millions in the UK into an even bigger household economic crisis and inexorably paving the way for the next baking crisis.
And raising interest rates would reverse some of the decline in the pound thus reversing some of the inflation brought about by higher import prices.
Good thing Ritchie doesn’t claim to be an economist, isn’t it?