Ukraine has lost its grain deal. Russian fertiliser is struggling to get to market. Now India wants to ban exports of non-Basmati rice. The ratchet on food prices is by no means over. Now, the ratchet on politics really begins. Where are the next big food riots going to come from? 

Call in the plumbers: there’s a big blockage in the UK gilt markets. Why is liquidity suddenly drying up in a two trillion Pound pool? And what happens next – now that the British government might be forced to double its deficit?

Remember the Huawei 5G Ban? For almost three years, sanctions on microchips knocked the Chinese out of the high end phone business. Now, it seems the company has managed to produce its own chips. Is there anything we can’t incentivise them to make better than us? 

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