Good morning. Welcome back to Survival Guide. Isabella McRae here.
Worried about inflation rising to 3%? You shouldn't be. At least, that's the overwhelming reaction Iām hearing from experts. Prices have indeed gone up, but it is still close to the target inflation rate, and temporary fluctuations are normal.
I recently spoke to a number of economists because 10 years ago, in February 2015, inflation hit 0%. What they told me is that such a low inflation rate is actually quite a bad thing. We want a little bit of inflation because that means that the economy is growing ā people are spending money and that means companies can afford to pay their staff.
The extremely low inflation rate also gave the Conservatives a bit of political cover for austerity measures ā and we certainly donāt want a return to those sorts of cuts. My piece goes into depth on this time period and what Labour can learn from it.
Also in this weekās newsletter, we visit an incredible food project which has been lunched in a food desert in South London ā an area where access to fresh and affordable food is sparse. It is run by Sistah Stella Headley, who is influential in Rastafari Movement UK and has experience of homelessness.
Chef and entrepreneur Levi Roots (who you might recall seeing on Dragonsā Den) told me he was blown away by everything Stella has done with the project.
And read to the end of the newsletter to meet kinship carers who wheeled empty trollies in protest through Westminster, after shocking figures showed that one in eight may have to give up caring for a child because of a lack of financial support.
If youāve got a story to share, we want to listen. Get in touch at isabella.mcrae@bigissue.com or share your story here.
This is the 'most thoughtful and inspiring' food project celebrity chef Levi Roots has ever seen