The BBC are reporting (HERE) that inflation has risen to its highest level since October 2014 and reached 1.2% in November. Historically this is still very low but those of us over sixty will remember how quickly inflation becomes embedded in an economy. First, prices rise then big industries and the public sector unions press for wage increases which of course results in even higher prices.
Perhaps if we see 2-3% by March 2017 even Nigel Farage might begin to have second thoughts - or is that going too far!
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