The Bank of England governor warned last week of ‘apocalyptic’ food price rises. Yet war in Ukraine, climate change and inflation are already taking their toll all over the world Apocalypse is an alarming idea, commonly taken to denote catastrophic destruction foreshadowing the end of the world. But in the original Greek, _apokálypsis_ means a revelation or an uncovering. One vernacular definition is “to take the lid off something”. That latter feat is exactly what Andrew Bailey, governor of the Bank of England, achieved last week, possibly inadvertently, when he suggested Britain was facing “apocalyptic” levels of food price inflation. Tory ministers fumed over what they saw as implied criticism of the government’s masterly economic management. Continue reading...
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