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Britain Faces a Decade or More of High Inflation.

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First published at 09:33 UTC on May 12th, 2022.

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#inflation #CPI #RPI #pound #sterling #dollar #gold #devaluation #commodities #CostOfLivingCrisis #economy #markets

Today we will look at why Britain is facing a decade or more of rising prices or inflation.

We will go back in time and look at whe…

#inflation #CPI #RPI #pound #sterling #dollar #gold #devaluation #commodities #CostOfLivingCrisis #economy #markets

Today we will look at why Britain is facing a decade or more of rising prices or inflation.

We will go back in time and look at when PM Harold Wilson devalued the pound in 1976 by 14% and said that "the pound in your pocket" would still be the same.

Harold Wilson's statement on the pound in 1967: https://www.youtube.com/watch?v=mIQnpoGBS1I

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