Henry Bremridge on Nostr: npub1g0tuf…3tvm4 ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4)
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/may2023 Growth is from "Rising prices for air travel, recreational and cultural goods and services, and second-hand cars" Perhaps not surprising with the start of summer, however all are discretionary expenditure
If inflation is bad, then the only way to reduce inflation is to withdraw money from the system. Taxes and interest rates are two. However interest rates are most effective if everyone has a mortgage. 65% of people dont. And taxes are going up.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/may2023 Growth is from "Rising prices for air travel, recreational and cultural goods and services, and second-hand cars" Perhaps not surprising with the start of summer, however all are discretionary expenditure
If inflation is bad, then the only way to reduce inflation is to withdraw money from the system. Taxes and interest rates are two. However interest rates are most effective if everyone has a mortgage. 65% of people dont. And taxes are going up.