Economic Disaster

Hat tip to Political Betting for pointing out this article in the current issue of The Economist about the bout of inflation Britain is suffering.

The article discusses how long-lived that bout of inflation is likely to be, but concludes

"Special pleading about temporary factors will count for little at the general election likely in May. The bungee-jump in prices gives electors another reason to vent their anger on Gordon Brown for the economic disaster over which he has presided."

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