Best of the financial columnists
Oct 01, 2021
3 minutes
We’re seeing the return of the 1970s
Philip Aldrick
The Times
With energy and wage prices rising, fears of stagflation – the “dreaded combination of high inflation and weak growth” – are understandable, says Philip Aldrick. If anything, the situation is worse than the 1970s. Britain has been “running on empty for years”. Foreign workers have “topped up” our labour markets, NHS under-capacity led to strict lockdowns and “bequeathed” us the “deepest recession in the G7”, and domestic energy supplies have withered. We’re “increasingly
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