Inflation Fixation
The LRB Podcast
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The Wage Price Spirale: How It Affects Inflation
Wages and real terms are going down. The interest rate began to rise over the winter of 2021-2022. There was already inflation rising on the back of the end of lockdowns in 2021. Andy Haldane, who used to be the chief economist at the Bank of England, said that actually Brexit is as much responsible for this inflationary thing else.
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