Julian Jessop, IEA Economics Fellow, has commented in The Telegraph on the causes of the UK’s current spike in inflation, which is predicted to pass 7pc in April.

“The common factor across the world is there’s been an explosion in the amount of cheap money. And if you keep pumping cheap money into an economy facing supply cuts, then the result is going to be inflation.” 

“Where that inflation happens to show through the most will reflect particular imbalances and the properties of the market and so on. But ultimately this is about central banks continuing to pump loads of cheap money into the economy.”

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