Conversation

The threat to the UK economy now is not inflation: deflation is the real threat now https://www.taxresearch.org.uk/Blog/2024/01/11/the-threat-to-the-uk-economy-now-is-not-inflation-deflation-is-the-real-threat-now/ UK inflation may well be history within months. Then, though, we face the risk of something very much worse, which is deflation. That could deliver recession and depression in the years to come given the massive overreaction of the Bank of England to inflation. We need to take action to prevent that now or things will get very ugly.