Inflation Update

I note that inflation has receded to 3.1% which to me is still scarily high considering interest rates are 0.5%. We know of upside to inflation in the future due to rising food prices thanks to the dramatic climate we currently have, and also clothing will go up significantly, and vat increases, but energy prices could push it further. And the we have the consequences of the previous reckless quantitative easing from the bank of England, and quite frankly, I do not trust the governor of the bank of England. Inflation is dangerous. I know I said last year that it could hit 10% and I was ridiculed, but anything over 3% especially when interest rates are much lower is still dangerous. Interest rates need to rise ASAP.

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