Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 1 June 2021 - Wage/Price spiral about to begin?
Description: "Andrew Haldane, the outgoing Chief Economist of the Bank of England is incredibly bullish about the UK economy in light of the volume of stimulus that has been provided during the time of the Pandemic.
However, he has also raised the spectre of a long-forgotten bogey man of the bad old days of wage inflation.
Given the rate at which the economy is recovering and the continued pent-up demand that is still to be satisfied, Haldane is concerned that trades Unions will begin to believe they can anticipate higher inflation by pre-empting a fall in workers real wages by demanding...