There is an important, yet neglected link between inflation patterns and controlling public expenditure, says Cambridge economist Jonathan Aldred, author of The Skeptical Economist : http://cts.businesswire.com/ct/CT?id...nomist&index=1 . Personalized services such as those provided by the public sector are becoming significantly more expensive in relative terms, and therefore public expenditure as a % of GDP will inevitably grow, contributing to a national debt as high as 100% of GDP by 2015 and a 10% increase in taxes to compensate.Price movements in different sectors of the economy are diverging rapidly, and for the past 12 years service sector inflation has exceeded
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