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A lesson for Britain from Switzerland

Tom Rees The Daily Telegraph

“Switzerland is the inflation time warp envied across Europe,” says Tom Rees. Inflation there is still at a 13-year high, but at 2.5% it is “a fraction of its neighbours’ levels”, and economists are confident that the peak is close. While Britain has a “potent mix of gas reliance, a weak currency and high inflation expectations”, Switzerland has the “exact opposite”. Around 60% of Swiss energy comes from hydropower, a third from