King admits he's walking the stagflation tightrope this year in the UK

[*T*]

``To put it bluntly, this year we are probably facing a period of above-target inflation and a marked slowing in growth.''

Bloomberg

[Mega]

Re: King admits he's walking the stagflation tightrope this year in the UK

ECB:- We stand and FIGHT! (Inflation).
£ will drop till £1=E1...........Then Shock/Horroe Blighty joins the Euro.
Mega

[c1ue]

Re: King admits he's walking the stagflation tightrope this year in the UK

Mega,

I'd hope that the UK doesn't ever join the Euro.

Britain is much more like the Netherlands than Germany; but the Dutch have been building their place in the EU from the beginning.

A weaker pound will ultimately benefit the UK in the long term.