The vaccines are rolling out. Lockdown is easing, the EU has been forgotten about, and the Labour party has returned to its traditional pastime of plotting furiously against its leader. No one is even talking about wallpaper anymore. Things could hardly be going better for Boris Johnson, and that has been reflected in local election results and in the polls. There is one looming threat, however. The return of inflation. In truth, rising prices have been destroying governments for a hundred years, and it would be complacent to imagine this one will be the exception.
President Biden has embarked on a tax, spend and borrowing spree the like of which has not been witnessed before in peacetime
As figures out today make clear, prices are starting to rise again. The headline rate of inflation doubled to 1.5
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