Not for the first time this year, I can't help drawing attention to surging energy prices: they are continuing strongly. Wholesale gas in Europe has doubled (sic) in the past 4 months, with electricity, coal and carbon rocketing also. I don't recall anything quite like this since oil went to $147 for a nanosecond in 2008.
The recovery programmes are starting to kick in.
Post-covid wages are obviously under huge upwards stress in many sectors. Catering staff can't be found, as any trip to the pub / restaurant / hotel will readily confirm.
Where on earth is this heading? Very uncomfortable for some - even the triple-locked pensioner might be queasy. Sunak has balls if he seriously proposes to short-circuit that.