“Although timber and used car prices have bounced back slightly in recent weeks, raising slight concern, they remain well down on peak prices. For these products not to exert inflationary pressure, they don’t need to fall in price, not rise, and there is no evidence of that.
“The Atlantic declaration states that the UK and US will be working ‘together to reduce our vulnerabilities across critical technology supply chains, including by sharing analysis, developing and deepening our channels for coordination and timely consultation during crises.’
"Month-on-month inflation was 1.2 per cent in the UK; this remained worryingly high and was the highest monthly rate since October last year. In the euro area month on month, inflation was 0.6 per cent; in the US, it was 0.4 per cent.
Psychotherapist Noel McDermott looks at how we are stuck in this highly dramatised experience of life with the pandemic, a parliament behaving like a reality show, a war in Europe with a proxy battle between East and West and prior to that of course was the existential crisis of Brexit. And in all of this we seem to have gone back in time with a Summer of discontent, fuel rationing due to prices going through the roof, runaway inflation, and a heatwave.