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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.
Brommers-
Just think if they did.
They'd invest in the infrastructure of the NHS, get a green Revolution going, ease inequity, tackle poverty (of thought, food, and broadband).Wouldn't they?
I mean. They wouldn't piss the money up a friend's wall would they? -
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.
Be interesting to see (although being in the middle of the Petri dish is uncomfortable), food will be more expensive, fuel (albeit at historic lows at the moment is dollar denominated, and when $1=£1 that's going to be painful) will be more expensive, energy will be more expensive, raw materials will be more expensive.
And, into this, the clear intention is to allow employers to drive down wages and benefits for workers.
Chalfie
Dammit
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?