Westminster forgets that inflation matters
Most of those in the political world chafe at higher costs but, unlike voters, they are not at the sharp end
Most of those in the political world chafe at higher costs but, unlike voters, they are not at the sharp end

Westminster struggles to talk seriously about most topics and in particular about the economy

Concerns that November figures showing fall to 2.7% distorted by missing data after shutdown

Bank of England is seeking evidence that recent price rises are under control

History suggests the political approach ends in unsustainable debt and lower GDP

Given all this fragility, recessionary or inflationary shocks — or even both together — are conceivable

No party looks truly ready to confront tax-resistant voters with some hard questions