MM117: Bank of England shocks markets & 5 useful tips if you don't have an internship this summer
Market Maker
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The UK's Inflation Is Still Around, but It's Not as Sticky as It Should Be
Inflation in the UK is holding strong and actually going up. Whereas in other countries we're starting to see the back end of it. There's probably three elements of this, he says. The COVID shock that was already happening,. You then had the Russia invasion of Ukraine. Then you've got Brexit. And then you've got Liz trusses disastrous budget. So there's kind of like a quad of factors here that have basically made the UK situation uniquely different.
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