Re: Reap what you sow
@MyffyW
"OK - most of the UK inflation is not due to"
That is a difficult one as what is causing the most inflation or what proportions is due to what isnt known even by the central bankers. However-
"- Printing money (though we have done quite a bit of of that, you will note we've stopped)"
Is inflationary. It is. Its the point of printing it out beyond productivity. The value of the money declines as its availability increases without subsequent productivity. Even stopping isnt reversing.
"- High Taxes (that's deflationary)"
Yup.
"- People working from home (please play nicely with the other public servants, Jacob)"
Not sure what effect that would have. I am sure it has some but I dont know how it balances.
"- The economy restarting after COVID (although I'll concede that probably has made money chase scarce goods)"
Pent up demand for scarce goods. Add this to the flood of printed money and its not good.
"1) The absolutely effing enormous jump in the cost of fossil fuels after a bare-chested, oil-soaked dictator decided to do a reverse-Barbarossa. This is the big one."
Yup. This has hit food as well. Yes this is a biggie.
"2) The slide of the pound in relation to most currencies that matter, which started, curiously enough just as soon as the money-markets realised just shy of 50% of the UK electorate had lost their marbles"
Eh? The Euro was below parity with the USD at one point recently and isnt much above it now. USD is the global currency and the GBP isnt that bad. Depending on the flavour of ECB suicide it could get a lot worse.