Comments on: Inflation’s gonna be OK, says Merv http://blogs.reuters.com/breakingviews/2009/11/11/inflations-gonna-be-ok-says-merv/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Chris http://blogs.reuters.com/breakingviews/2009/11/11/inflations-gonna-be-ok-says-merv/comment-page-1/#comment-1167 Thu, 12 Nov 2009 09:51:31 +0000 http://blogs.reuters.com/columns/?p=1528#comment-1167 Tax rises and public spending cuts will take money out of the economy but the real ghoul in the cupboard is oil prices. In the midst of a recession its already nudging $80 a barrel.

As demand picks up in EU, Asia & America the UK purse is going to become trapped in a vice of fiscal measures and supply side inflation. Not only will the UK consumer have less to spend but what they can spend will cost more.

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