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Daily Telegraph: "Is the British economy going back to the 70s?"

Link to Daily Telegraph

"The Queen's Jubilee, a double-dip recession and sky-high fuel prices – those with long memories might be tempted to think that history is repeating itself, with just the small matter of 40-odd years in between.

"Before you dig out your brazier and start hoarding candles, it is worth remembering that there are plenty of differences between that turbulent decade and the current economic problems. Petrol price rises, pay freezes and a dysfunctional economy are as much on our radar today, but thanks to rock-bottom interest rates and muted wage growth, the sensible responses are not always identical."

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