Helen Crane

But I think just bringing it more into the conversation around money can't can't hurt.

Well, maybe there are some warnings out there to that tune that we could be heading there.

And obviously, it all depends on what happens with the war, doesn't it?

And things seem to be just changing day to day.

It's really difficult to make predictions.

People obviously look back to what happened in the cost of living crisis kicked off by Russia invading Ukraine.

But the situation was sort of quite different then.

So back then, inflation went all the way up to about 6%.

we kind of don't know exactly what's going on with inflation.

Now, the last figures are from February when it was 3%.

And we've got another inflation reading out next week.

So that will be really vital to see where things were in March when obviously, the conflict has started.

But there's a sense that maybe some of this stuff is already kind of baked into inflation, really, you know, we've had sort of

higher prices for longer.

And it isn't as much of a sort of sudden price shock as it was back in 2022.

So yeah, I mean, legitimate concerns that it could be going back to 2008 levels.

Andrew Bailey wrote a letter to the IMF this week warning of threats to financial stability that chimed with 2008.

So things like

Lovely.

Yeah, it doesn't sound great, does it?