RE: 6.8% inflation16 Aug 2023 07:12
Nettles , imv excess government spending on infrastructure, like hs2, welfare , debt interest and pay is driving inflation and all that cash needs to be 'sucked out of the economy ' and into the banks through higher savings or into the treasury through higher taxes if they want to hit 2%. [I actually believe they want to inflate the debt away but that is another story].