Where Did My Money Go? Inflation 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.

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
• Shrinkflation: same price, less stuff
• Who makes our money?
• How banks create money when they lend
• Scottish banknotes and the digital pound
• Quantitative easing and tightening
• Protecting your household budget from inflation
• Inflation myths, checked