5 years after Brexit vote and the sun still occasionally shines. For how much longer. Don’t worry… it could be much much worse..
As the UK and Yoorp prepare for a set-to over Sausages, the real issue remains inflation vs deflation. Are rising PPIs in China due to speculation on commodities boosting prices, is inflation due to supply glitches, and are the longer-term threats of Central Bank taper, growing West-East tension, and the reality of pandemic debt likely to tip us back into a deflationary cycle?
UK Local Elections are pretty dull and meaningless affairs, but the vote in Scotland is perhaps an even more important plebiscite than Brexit. If the SNP achieve an absolute majority, then the UK could plunge into more years of uncertainty and distraction – whatever Boris thinks.