Tuesday, September 17, 2024

Why economists are blaming Taylor Swift for sticky UK inflation

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Britain is still recovering from Taylor Swift’s Eras tour last month, when the American pop singer swept through the country to universal acclaim.

Seismologists in Edinburgh said the leaping of her devoted fans in tune to her music made the earth move. Seismic activity was detected up to four miles from her concert at the ­Murrayfield stadium. In London, telecoms engineers said all the selfies and TikTok posts resulted in the most mobile data use ever at Wembley.

Now the country’s economists warn that the growing band of young Swifties could be an economic force to be reckoned with. The UK inflation rate stayed at 2 per cent, rather than continuing to fall as had been expected.

This complicates the Bank of ­England’s decision next

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