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Or use the recession as an excuse for the BoE to print a fuckton of new money and buy government bonds. It's not as though inflation is going to be something to worry about for some time.
I'm far from an economist, but- we're going to lose another 10 to 15% of the value of Sterling by January, making the price of imports higher, plus we'll be paying tariffs on what we import which will push the price of most things up, whilst at the same time our farmers will be going bust due to losing the CAP funding and their export markets at the same time.
I'd have thought that inflationary pressure is going to be high?
Dammit-
I'd have thought that inflationary pressure is going to be high?
There will be some inflationary pressure. But my gut reaction is that it will be more than counteracted by reduced spending due to lockdown and reduced discretionary expenditure due to people feeling financially insecure, added to the deflationary effects of a truly epic recession. If I was the BoE Chairperson I'd be inclined to say 'fuck it, go big or go home'. I'm not, however, which is probably just as well.
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I'd have thought that inflationary pressure is going to be high?
Nah KitKat chunky is just going to get even smaller.
Brommers
Howard
Or use the recession as an excuse for the BoE to print a fuckton of new money and buy government bonds. It's not as though inflation is going to be something to worry about for some time.