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That has become a big influence, i think is social media. and it's increased the velocity of decision—making. it's increased the kind of sense of outrage out there. and i do worry that we get ourselves into a kind of psychological doom loop. i know from my point of view as a you know, a long time ago economics graduate, a business person, an accountant, all the rest of it, you know, 80% of economics is psychology. and if these, you know, it is possible to talk yourself into a problem. and i think we need now to talk positively and for people to understand the plan. but there is a kind of pro...

A final thought for you, then. given how keen you are on this project or mission as you describe it, do you share the worries that some have? that there are critics who are, to use the words of a telegraph columnist alastair heath, trying to turn this into an erm mark tow. that was the moment in whichjohn major's government was effectively destroyed politically in 1992 when the pound plummeted and interest rates went up. is that a fear you have politically? well, i don't share that fear. i'll have to read his column. i mean, one of the things i have to say over the since i got involved in poli...

Desks where the credibility of britain's finances is up for question. i've never seen a budget move the pound like this in my entire career. essentially, with interest rates rising like this in the uk, it's going to be more expensive to fund the deficit, but the deficit keeps getting wider, especially with all the announcements we had in the budget. so this kind of doom loop, the only way out of it, really, is we've got to tame inflation and get interest rates back down. so, the first thing is tame inflation and all this goes away. the problem is, the budget that we had on friday last week, th...

Global products, plastics, etc, they are global products, plastics, the etc, they are global products, plastics, the etc, �*any are in in the dollar, so any drop in the pound directly in the dollar, so any drop in the costsi directly over in the dollar, so any drop in the lastsi directly over in the dollar, so any drop in the last 20 iirectly over in the dollar, so any drop in the last 20 years/ over in the dollar, so any drop in the last 20 years we over in the dollar, so any drop in the last 20 years we have )ver in the dollar, so any drop in the last 20 years we have been running, our the...

More expensive to fund the deficit, but the deficit keeps getting wider, especially with all the announcements we had in the budget. so this kind of doom loop, the only way out of it, really, is we've got to tame inflation and get interest rates back down. so, the first thing is tame inflation and all this goes away. the problem is, the budget that we had on friday last week, the only thing it will do is probably add to inflation. the bank of england's chief economist made clear today that by november, it would deliver significant interest rate rises. i think it's hard not to draw the conclusi...