Like old age, inflation will creep up on us. The percentage increases in CPIs and RPIs don’t mean much in themselves. Paying 50% more for your electricity, the extra £20 on your food bill, even after the kids have moved out, and every restaurant meal hitting three figures, that’s what focuses the mind. Question is, what can they do about it? Put up interest rates to stop us spending more? Doesn’t help when it’s stuff you need to survive that’s costing; you’ll just put more pubs out of business. Higher wages? Not likely long-term, employers will always get away with whatever they can. Basically, we’ll have to accept that everything’s been too cheap for too long. And get on with it.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
