The UK's #inflation problem looks worse than either the US or the EU due to three issues, according to Adam Posen:

1. #wage inflation has been concentrated among the higher paid leaving much (reasonable) wage pressure in the economy;

2. #Brexit is inflationary;

3. The unpredictability & inconsistent fiscal policies of the last decade of #Tory govt. have added costs to #business & are therefore also inflationary.

conclusion: inflation is here to stay for some time!

https://www.theguardian.com/business/2023/aug/26/if-you-think-the-uks-high-inflation-cycle-has-run-its-course-think-again

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