“Imports are now more expensive – it’s going to create inflation!” Funny that is seen as bad news – I thought we were worried about DEFLATION these days! Inflation (If it happens), will cause prices to go up, profits and wages to go up and pensioners’ income to go up – sounds like a quality problem to me (bearing in mind that these days 3% is a high level of inflation, not the loony levels of 15% years ago.

Chris Ingram 19/07/2016