Susan O’Keeffe: Will this be the year of the big squeeze?

The cost of living crisis is having a marked impact of households and businesses

‘It’s not just some things, it’s everything. Every single item we buy has a few cent, or a few euro added on since December.’ Picture: Getty

Remember when we all learned the meaning of “quantitative easing” and people sat in the pub openly discussing “burning the bondholders” and companies that were “too big to fail”.

When the mud flies, members of the public catch on fast, listen acutely and get stuck in, no matter what words are tangled up in debates designed to exclude us from understanding.

Which is why the looming “cost of living” crisis sounds like something from the ...