We cannot guarantee that the next ten years will be so 'nice'.

That's a comment taken from a memo submitted to the Treasury Committee by the Bank of England. "Nice" is in inverted commas because it's referring to "non inflationary consistently expansionary"... the unusually benign state of economic affairs we've enjoyed for the last few years. The message is clear - expect a tussle with inflation, with interest rates, and house prices, on the front line.

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