Where Did My Money Go? InflationINFLATION and Who Makes Our Money

It explains what the Bank of England actually does, the difference between real and nominal money, and what inflation does to savings, pay, pensions and debt, including shrinkflation.

It also answers a question few people are taught: who makes our money? It covers how banks create money when they lend, Scottish banknotes, the digital pound and quantitative easing, then ends with practical steps to protect your household budget, myths checked and worksheets.

New: Then vs now. What a 1990s pay packet bought compared with today, using official ONS figures, plus a chart of what £1 from 1971 is worth now.

Also new: usury, the long history of limits on interest and the UK’s payday loan cap today, and fractional reserve banking, the textbook idea and what the Bank of England says actually happens.

Published by Clarity Guides. In a world full of disinformation, get Clarity.

• Inflation in one page
• The basket of goods: how inflation is measured
• A short history of UK prices
• Why prices rise
• How economists disagree about inflation
• What the Bank of England actually does
• Real and nominal: the most useful idea in this guide
• What inflation does to savings, pay, pensions and debt, including usury and limits on interest
• Shrinkflation: same price, less stuff
• Who makes our money?
• How banks create money when they lend, including fractional reserve banking
• Scottish banknotes and the digital pound
• Quantitative easing and tightening
• Then vs now: what a 1990s pay packet bought
• Protecting your household budget from inflation
• Inflation myths, checked