Hedge fund guru warns of period of very high inflation
By Suzan Uzel
A LEADING hedge fund investor has said it is “as plain as a pikestaff” that Britain is heading for a period of “very high inflation” with interest rates “nailed to the floor”.
Jonathan Ruffer, who predicted the credit crunch, and whose company Ruffer LLP has more than £12bn invested, believes the fact that the UK has kept its own currency means it has a “safety valve” which the Eurozone lacks. But he says the UK’s reliance on world trade makes it more vulnerable to a global slump than many of its competitors.
Mr Ruffer, from Stokesley, North Yorkshire, was speaking to the Yorkshire Post ahead of a talk he was giving to the business community in Leeds, organised by M2B, Ministry to Business.