Inflation is tightening its grip on all western economies, one after the other. It was announced today that the rate of change of consumer prices reached 5.2% in September in Britain, making the UK economy the most vulnerable.
The reason is because, over recent years, the UK has done proportionately a lot more on the financial front to save its banks than the US or Eurozone, and this despite the fact that the Bank of England kept its interest rates above the US and Eurozone.
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