Some Britons will suffer from a weak pound more than others

Some Britons will suffer from a weak pound more than others
 

THE collapse in the value of the pound—down by nearly 20% against the dollar since the Brexit vote—will result in rising inflation as the cost of imported goods goes up. Economists reckon that by next year inflation will be nearing 3%, compared with just 0.6% today, a forecast with which officials at the Bank of England now appear to agree. 
Those economists tend to talk about “the” rate of inflation, but in reality different households experience different rates of price increases. The basket of goods and services that is used to calculate Britain’s official inflation rate is not... read more

 
18 October 2016 in Politics, Views: 70
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