Panic-flavoured English breakfast

Panic-flavoured English breakfast Uncontrolled inflation destroys the savings of citizens and exacerbates the crisis in living standards. Consumer prices rose 9.4% in June, the highest in 40 years. BOE raises the stakes in a panic, but there is still no positive effect. British CFOs brace for a long recessionThe retail price index rose by 11.8% compared to last year. Deteriorating consumer purchasing power is starting to undermine economic growth, slowing down the post-pandemic recovery. Due to rising food and fuel costs, prices are rising much faster than wages.Household troubles are on the rise, with inflation forecast to top 11% in October as energy prices rise again. A month ago, Britain was faced with the largest railroad strike - Johnson then managed to reduce the degree of aggression with statements about raising basic tariffs, but now there is no one to fulfil these promises.This week, unions representing public sector workers threatened more strikes after the government offered to raise nominal wages at a significant cut in real terms.Deteriorating living standards are a major battleground for the prime minister's seat: Of the three remaining candidates, two have pledged billions of pounds in tax cuts to help needy families and spur business investment.Alas, politicians fighting for power do not always adequately evaluate their promises. Tax cuts can stimulate an economy that risks falling into recession, but it is dangerous with a new rise in inflation and an extension of the cycle of BOE rate hikes. Let's see what way the pound will find out of this situation, but in the medium term, there is no alternative to sales yet.Profits to yall!