Fair challenges. I don’t think that all the inflation we are seeing is fuel or supply chain constraints. I think we are also seeing demand side effects of the r

Fair challenges. I don’t think that all the inflation we are seeing is fuel or supply chain constraints. I think we are also seeing demand side effects of the record low unemployment (albeit due to record low participation rate), high levels of personal savings (boosted during Covid), high property price inflation along with ongoing effects from fiscal and monetary stimulus over the past few years. Raising interest rates should remove some demand from the economy. These demand pressures all still remain IMHO. Interest rates are a blunt instrument and unfortunately the least able to afford them are likely to suffer most. I’d support targeted government spending to those most impacted during a high inflation recession to limit the pain. I believe the PM candidate (Truss) policy to reduce taxes is misguided. The truth is, we are probably both going to be wrong about the best way to solve this.