Julian Harris: Living in Britain Just Got a Lot More Expensive
As the Bank of England stands ready to raise interest rates, Brits have nowhere to hide from rising living costs.
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As drones fly and missiles fall on many parts of the world, those of us in Britain are fortunate to (still, at this point in time) live under a relatively peaceful and prosperous liberal democracy. Thus it feels a little callous to talk about our primary domestic “fear” around the Iran war: namely, a renewed rise in the cost of living.
Still, the return of inflationary pressures is likely to dominate the Westminster agenda in the coming weeks, so cannot be ignored. Today, the spotlight fell on three major areas in which people will start to sweat.