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Be warned: inflation might take British politics to a really darkish place certainly | Jonathan Freedland

Newsican Admin by Newsican Admin
August 5, 2022
in World News
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Winter is coming. The Financial institution of England says so. Decide your measure of the financial gale that’s heading this manner, deepening a chill that’s already biting onerous. The Financial institution says inflation will attain 13%, shrinking the worth of wages, making all the things dearer, beginning with consuming and heating, forcing but extra folks to resolve whether or not to starve or shiver. We’re to brace for a recession that may see 5 consecutive quarters of contraction, and a decline in family incomes of 5% by…



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