Many believe it’s actually the expectation of inflation that causes prices to rise
‘The prevailing narrative is that inflation is the product of overly “ambitious government spending”. Rishi Sunak has expressed these fears.’ Photograph: Reuters
‘The prevailing narrative is that inflation is the product of overly “ambitious government spending”. Rishi Sunak has expressed these fears.’ Photograph: Reuters
Thu 3 Jun 2021 03.00 EDT
Last modified on Thu 3 Jun 2021 05.18 EDT
People have been freaking out about inflation. Recent numbers from the UK and the US seem to have confirmed their fears. Prices are clearly rising. Anyone trying to build a house or do up their garden for the summer can attest to that. The question is, are they rising because of lockdowns, Brexit and the big, marooned ship or are they rising because, on both sides of the Atlantic, we’ve over-egged our fiscal response to the pandemic?
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Shirley Williams obituary: Labour minister who quit to launch SDP Luke O Reilly
Baroness Williams of Crosby – better known as Shirley Williams – has died at the age of 90.
Ms Williams was one of the disenchanted ex-Labour Cabinet ministers who became the Gang of Four founders of the breakaway and short-lived Social Democratic Party.
She was a busy, breathless, tousle-haired intellectual who acquired an unwanted reputation for missing trains or going to the wrong venue for meetings. That was how she became affectionately known as Shilly Shally Shirley.
Once Lady Astor told her: “You will never get anywhere in politics with hair like that.”
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