The Hidden Truth Behind UK's Inflation Crisis: What They're Not Telling You | Economy Explained

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Dive into the heart of the UK's recent inflation crisis with economist Damian Pudner in this new episode of Economy Explained. Uncover the real story behind the surge in prices that pushed inflation to over 11% in October 2022, levels not seen since the 1970s. Pudner dissects the Bank of England's response to the COVID-19 pandemic, particularly its use of quantitative easing, and reveals why this time it produced such different - and devastating - results.

Was the inflation truly a result of Putin's actions, or were the warning signs present long before? This video explores how the UK found itself facing a double-edged challenge: fighting an economic downturn with measures that inadvertently worsened inflation. Pudner breaks down the misreading of the pandemic's economic impact, the consequences of aggressive monetary policy, and the delayed response that allowed inflation to spiral out of control.

Learn about the critical differences between the 2008 financial crisis and the 2020 pandemic, and why the same monetary tools yielded vastly different outcomes. Pudner also delves into the often-overlooked issue of QE-driven inequality and the substantial losses incurred by the Bank of England's bond purchases. Don't miss this crucial analysis of one of the most pressing economic issues of our time, and discover the vital lessons that must be learned to prevent similar crises in the future.

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Тэги:

#covid #covid_19 #vaccine #putin #scholz #invasion #us #ukraine #war #inflation #fed #banks #rates #bank_of_england #boris #boris_johnson #boris_johnson_views #labour_party #starmer #rishi_sunak #government

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