PA360 North: UK looking at double digit inflation for 'next few months'

Speaking at PA360 North today (5 October), Legal & General Investment Management head of retail multi-asset funds Justin Onuekwusi said the "inflation giant" could be tackled. He said while there had been no inflation between 2008 and 2020 a combination of circumstances had seen it rise rapidly. Onuekwusi explained the pandemic had created supply constraints as well as, for the first time since 2008, seen QE alongside fiscal loosening: "That is quite inflationary," he said. He added the war in Ukraine had led to an unprecedented increase in commodity prices across the world. "Th...