Latest / Early Edition with Ryan Bridge
Ryan Bridge: Nicola Willis is right not to splash the cash
A 1pm presser and Covid‑style alert levels.
This fuel price spike is bringing back bad memories from those dark days of lockdown.
But a few facts help put things in perspective.
There are a lot of scenarios and best guesses floating around, but the reality is we’re not yet short on fuel. That’s at least weeks away, we’re told.
The economy is in recovery, and even the worst‑case scenarios still have us growing at a little under 3% — about half a percent off pre‑war predictions.
The other big difference is the response. Interest rates, even if inflation hits the high 3s, aren’t expected to…
The skinny
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