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Inflation will be the next hurdle to cross as we negotiate our way out of the financial crisis, says Colin Lawson

5 November 2012

In my last blog, I looked at the effect of using quantitative easing (QE) to ease the world’s economic woes and alluded to the fact that I knew what side effects this radical treatment would bring.

I believe in a few short years from now, inflation will return and may even reach what, for some people, could be catastrophic levels.

It is widely accepted printing money fuels inflation; however, it takes a few years for the full effect to work its way into the economy.

Over the last two years, inflation has totalled ten per cent whereas wages (which usually rise faster) have only increased by four per cent. That is effectively the equivalent of a pay cut of six per cent for every single worker in the UK.

I believe this has been tolerated up until now as this income squeeze has been offset by lower borrowing costs and, with the economy on...

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