Is the UK once again the ‘sick man’ of Europe?

On the surface, UK inflation in 2023 is becoming similar to that of the 1970s, when everyone talked about a “British disease” making the country the “sick man” of Europe.

Stubbornly high inflation that eclipses rates in other countries. Contracts, such as mobile phones, linked to inflation, amplifying price pressures. The authorities struggling to control household costs. And wages following prices higher.