What do you expect guys? We bailed out the banks, principally because they lent too much on housing and in doing so they (the government and the BOE) embarked on a rampant program of money printing (quantitative easing) hence the £ has devalued 40% against the $ since 2008 and we have had 5%+ inflation p/a. Guess what crude oil is priced in?
It's not rocket science is it? There is of course other factors at play here, but really, that is the problem in a nutshell.
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