UK economy ‘too weak’ to suffer from sky high inflation

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The UK economy will not suffer from a return of persistent high inflation because its labour market is too weak for staff to demand pay rises, a top investment bank has said.

In a research note, Berenberg said that the government’s tighter grasp on the public finances and its rapidly deteriorating jobs market mean households https://www.cityam.com/uk-economy-too-weak-to-suffer-inflation/">[...]