He writes that the Bank of England has done a poor job keeping inflation low and argues that at some point we have to take the pain. We had a huge cheap-money, public-borrowing binge and now we are trying to put off the hangover with a hair of the dog. Inflation is a killer. We need to lock it away, and fast.
You can read the full article on CityAM here.
Dr Eamonn Butler writes in City AM on the latest inflation figures.