60. The economics behind Sunak’s general election gamble with Torsten Bell
The Rest Is Money
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Navigating the Complexities of Inflation and Living Standards
A detailed discussion on the recent inflation rate of 2.3% compared to the Bank of England's target of 2%, featuring guest Torsten Bell and his insights on improving living standards amid rising costs. The chapter explores the impact of inflation on interest rates, wage growth, and the differing perspectives of consumers and financial markets. It addresses the challenges faced by various groups, such as public sector workers and lower-earning private sector employees, in maintaining living standards despite some wage increases.
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