Britain’s bout of mini-stagflation continues as businesses face supply and demand constraints
Photograph: Krystian Nawrocki/Getty ImagesPhotograph: Krystian Nawrocki/Getty Imagesrowth is slowing and price pressures are mounting. Consumers are anxious and an important commodity is in short supply. That was the state of the UK in the mid-1970s, when a single word was used to describe a combination of recession and a rising cost of living: stagflation.
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