Inflation’s up because clothes and petrol are more expensive. Clothes are more expensive because they’re all made in China and India, and our Brexit-ed £ means they cost us more even though they’re not really more expensive. Petrol is up because…you’ve got it.
So, interest rates might go up next month so we can’t buy so many clothes and so much petrol because our mortgages will be more expensive. Higher interest rates make the £ stronger, so clothes and petrol will be cheaper, so we’ll be able to buy more, if we can afford it, but we won’t be able to because our mortgages will be more expensive.
Go figure. And you thought Trump was mad?
