Lessons from the 70s: How UK assets fared the last inflation 'boom'

Back then the retail price index peaked in 1975 at almost 27%, following chancellor Anthony Barber's ill-fated 1972 ‘budget for growth' under Edward Heath's Conservative government and OPEC's 1973 oil embargo. Such comparisons - particularly with the ‘Barber Boom' that fueled wage rises and inflation - have become more meaningful in the aftermath of the so-called Mini Budget announced towards the end of September by chancellor Kwazi Kwarteng, which sent sterling plunging to all-time lows against the dollar, and gilt yields soaring. A more useful comparison But while the economic par...