Don't believe the inflation myths

What really causes inflation: higher energy prices or poor energy policy? Tax increases or others' refusal to pay? And is globalisation really putting downward pressure on prices? Brian Durrant explains.

Don't be fooled by headline figures the UK inflation background is worsening.

This January when it was announced that Britain's inflation rate was the highest for 16 years, the Chancellor was out of the country in India talking, amongst other things, about Big Brother. So the Prime Minister stepped in with an explanation. Now economics is not one of his strong suits but he played down poor inflation numbers saying: 'Inflation has risen not just in this country but in most of the major countries because of rising energy prices, rising oil prices, which have doubled or tripled over the last few years.'

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Brian has contributed to MoneyWeek with his expertise in investment strategy, for example how to quadruple your dividend income and how to navigate through the stock market in the 2008 financial crisis. He’s also touched on personal finance such as the housing market and the UK economy.