The authors of a new book assert that we could see a surge in inflation, quite likely more than 5 per cent, or even on the order of 10 per cent in 2021. Image: iStock

Are we about to move into a new era of unexpectedly high inflation, rather than the below-target inflation we are used to? Many dismiss this view. But(...)

Popular resistance to a repetition of the public spending cuts that came after the financial crisis will be intense. Photograph: Nick Bradshaw

The pandemic has been likened to a war, though one against a disease, not other humans. Like a war, it is reshaping economies and demanding huge incre(...)

Shopping  in Oxford Street,  London: there is a growing belief Britain can avoid a recession that only weeks ago was regarded as likely. Photograph:  Daniel Leal-Olivas/AFP/Getty Images

Britain’s high streets are heaving with shoppers despite June’s shock vote to leave the EU, big companies have reported few signs of distress and some(...)

Bank of England governor Mark Carney during a press conference for the bank’s quarterly inflation report in London yesterday. Photograph: Simon Dawson/PA

The Bank of England has pledged to keep rates at their lowest level in its 300-year history until unemployment falls to 7 per cent, hoping the commitm(...)