A low-inflation legacy ends

With Margaret Thatcher's death, could we also see the silencing of the low-inflation mantra of her era, asks David McWilliams.

13th April, 2013
Maybe we are going into an inflationary world and we just don't realise it yet.

It is often the case that we fail to recognise the significance of events when we witness them and it is only years afterwards that we realise that this or that moment was a major turning point. In September 1988, I sat in a medieval hall in Bruges and listened to Margaret Thatcher giving the now famous Bruges speech. The speech was delivered at the opening of the academic year of the College of Europe.

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