How did Taylor Swift influence the policies of the Bank of England?
The star’s global tour this Summer seemed to shake up the British economy and stir economic uncertainty
Words: Charlie Bentley
In an unexpected twist of events, the Bank of England found itself entangled with pop sensation Taylor Swift’s Eras Tour. The interplay between Swift's concert tour and the nation's economic indicators has been a topic of interest among economists and policymakers alike. So, how exactly did the pop star's tour influence the Bank of England's policy decisions?
We begin with the latest inflation data from the Office for National Statistics. For June, inflation, as measured by the consumer price index (CPI), remained steady at the Bank’s target of 2%. This was contrary to the expectation of a slight decline to 1.9%. A deeper dive into the numbers revealed a surprising contributor to this steady inflation rate: the spending spree triggered by Taylor Swift’s concerts across the UK.
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