Simon Lambert

And off the back of that.

we're going to get these inflation expectations from consumers, from businesses.

It's going to drive up the cost of X, Y and Z. What can we do to stop the future price increases that could kick through off the back of this?

Not the ones that have already happened.

Can't do anything about the fact that petrol prices have gone through the roof, but it can try to do something about what the impact of petrol prices going through the roof is on the whole of the rest of the economy.

Now, I must admit that I'm very much in the camp of I don't think the Bank of England is going to raise interest rates.

Certainly much more in the camp of I don't think the Bank of England is going to raise interest rates than markets, for example, which have been predicting like three, four rate rises.

However, I think we need to be acutely conscious that central banks got caught out massively by the cost of living crisis and they don't want to get their fingers burnt and be accused of being hugely behind the curve again.

So there is probably more of a possibility that they could go up than you would think if you were just looking at this completely dispassionately without that having happened in the very recent past.

Well, the obvious thing to do would be to be a bit more cautious at the moment.

Put a bit more money away.

Save a bit more.

Put some money into your savings, you know, just in case anything bad happens.

Make sure you've got that rainy day fund, all those other things.

Yeah.

Well, you know, this is sod's law, isn't it?

It's that this sort of get people investing thing has been brewing for so long that they've managed to wait long enough for a water kickoff.

And the stock market to fall, although the stock market has actually gone up by quite a bit over the last few weeks.

It's managed to regain quite a bit of its losses.

The problem is, is that all of the things that you could do to prepare your finances in terms of cutting back, saving a bit more money, being a bit more cautious would be really would be bad for the economy.