Second-order COVID-19 effects combined with ongoing Brexit woes:

The UK services #PMI hit a 6-month low in August (55.0) with supply shortages contributing to slower growth. Meanwhile, staff recruitment picked up to a 25-year high, but competitive labour market conditions led to steep wage pressures. Read more: https://t.co/Sc26NQB2AQ pic.twitter.com/Ptw495FqMd

— IHS Markit PMI™ (@IHSMarkitPMI) September 3, 2021

This tweet clearly and obviously heralds inflation on the horizon in the UK:

I arrived to work today to discover a £7 per hour pay rise. A 40% increase… almost overnight.

There are no drivers, things are about to get a bit tasty.

Completely unsustainable, of course, so guess what happens to prices next?

All your shit comes by lorry. All of it. pic.twitter.com/aTYZQ8DpW8

— Tom (@thelorryist) August 29, 2021