Inflation has risen from 10.1% to 10.4% against and expectation of it falling to 9.9%.
One of the key reasons for the rise was restaurants and hotels.
I'm hearing some heroic attempts to blame the jump in UK #inflation on #brexitfoodshortages, so here are the facts... (🧵)
— Julian Jessop (@julianHjessop) March 22, 2023
1. The biggest contribution actually came from 'restaurants and hotels' (due to price increases for alcohol, not food). Food was still a big factor, but... pic.twitter.com/DE9AK1zQ1J
However, irrespective of where the root causes lie, it is clear that Bailey and his cronies at the Bank of England are woefully failing in their jobs. Remember, the Bank of England is meant to keep inflation at around/below 2%!
It is high time that Bailey and his cronies are sacked!
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