Get used to higher food prices in the UK
The excessive money printing by central banks over the last year has now started to trickle through into the real economy, so is
The Bank of England has become “addicted” to printing money
A recent report has warned that the Bank of England is becoming “addicted to quantitative easing” (printing money), which is leading to higher UK inflation and causing almost irreversible damage to the government’s finances.
UK state pension ‘triple lock’ pledge could be scrapped due to rising inflation
UK chancellor Rishi Sunak has unwittingly created a wave of speculation over the UK state pension by implying that the ‘triple lock’ pledge
G7 Central Banks will ‘work together’ to introduce Central Bank Digital Currencies
After a series of virtual meetings between Finance Ministers and Central Bank Governors of the G7, they recently published a ‘policy paper’ confirming that G7 Central Banks will ‘work together’ to introduce Central Bank Digital Currencies (CBDCs).
UK inflation rate doubles in April
More data has been released showing that inflation in the UK as measured by the CPI (Consumer Price Index) more than doubled in April, to an an annual 1.5%, up from 0.7% in March.
Bank of England Governor says UK inflation “will be a bit bumpy”
In a recent interview on CNBC the Bank of England Governor Andrew Bailey says that UK inflation, “will be a bit bumpy this year”.
Janet Yellen says interest rates “may” have to rise, then backtracks
In a recent interview US Treasury Secretary Janet Yellen says interest rates “may” have to rise.
More signs of inflation. Coca-Cola ‘will raise prices’ due to higher commodity costs
Coca-Cola CEO James Quincey has indicated that prices of Coca-Cola products will rise due to higher commodity costs.
UK ‘e-pound’ coming soon. Digital money issued by the Bank of England
The UK Government will set up a new ‘taskforce’ to explore in more detail the introduction of a UK digital currency nicknamed the ‘e-pound’ in a series of reforms to benefit the finance sector.
China could set expiration dates for digital yuan
China has been testing expiration dates for the digital yuan which would encourage citizens and companies to spend it more quickly.