The government has announced plans to boost the supply of money in the economy. When this starts it will effectively devalue the existing currency in circulation among the public, so, the pound in your pocket will be worth less. As a result, products and services you buy will become more expensive as producers use price inflation to try to maintain their livelihoods. Both manufacturing and service businesses will find raw materials more expensive to purchase, particularly so, if they buy imported goods.
We may also find the value of the national currency falls again as other countries and organisations take a look and a make a bet on our immediate national economic prospects.
Published at Channel 4 News.