Apocalyptic warnings about inflation and the cost of living in the UK should theoretically involve a punishing of the wicked and rewards for the faithful. Given that the last bout of high inflation in the 1970s resulted in Margaret Thatcher’s election to power, it might seem to some a misnomer.
Inflation now stands at 9% the highest since the 1970s oil crisis when a sudden supply shock sent the oil price soaring by 300%. Inflation climbed to 12.9% in 1974, 24% in 1975. By 1976 Labour PM James Callaghan was forced to go cap in hand to the IMF for a loan. Maggie was elected in 1979 and by 1983 inflation had sunk back to 4%.
In the early 1970s when the economic woes kicked off, the UK 8th house Mars was – as ever – heavily challenged by tr Saturn in Aquarius in square; and by the Solar Arc Neptune just into the UK financial 8th house heading to conjunct the Mars as the economic crisis escalated. Tr Pluto was in a blocked square to the UK Solar Arc Midheaven and moving to a disruptive conjunction to the UK Uranus; with a panicky, devastated tr Neptune square the UK Pluto. And the Solar Arc Pluto was moving to conjunct the UK 11th house Saturn across the mid 1970s as well. By the time of the 1976/77 bailout tr Uranus in Scorpio was opposing the 8th house UK Mars. If not apocalyptic, certainly catastrophic.
Not all of that is repeating now but there are enough red flags of similarity to raise alarm. The Solar Arc Uranus moving through the UK financial 8th house will conjunct the Mars by 2025 for an economic shock of considerable proportions. Before then there is a stuck, powerless, image-denting Solar Arc Pluto square the UK Sun within the next six months; followed by Solar Arc Saturn in a disruptive, economically-destabilizing opposition to the UK Uranus by late 2023 at the same time as a lacklustre, undermining Solar Arc Sun square the financial 2nd house Neptune. And the Solar Arc Midheaven is catching the tr Uranus hard aspects this year and will square the Neptune by 2024.
This year and next the tr Saturn square tr Uranus will rattle up the UK’s Fixed Venus, Neptune, Saturn which will also make for a rocky ride.
Andrew Bailey, Bank of England chief has been sounding warnings and getting blamed for the Covid money-printing spree and low interest rates. His own chart and that of his term both have heavy Neptunian swamps writ large this year into a discouraging 2023/24. Not a walk in the park.
The Bank of England chart, 27 July 1694 JC, is in for a gruelling few years with the uncertain, undermining tr Neptune conjunct Neptune and square Saturn now till 2025; a logjammed and scary tr Pluto trine Mars in 2023/24; and the tr Saturn Neptune in Aries moving to oppose the Mars in 2025 and then square the financial Venus until 2026. By 2026 tr Uranus is preparing to exit the UK financial 8th house which will bring to an end an unstable and unpredictable economic phase. See previous post May 14 2020 for parallels with the 1970s.
All that money wasted on covid loans and reckless Boris largesse. Sigh.
ADD ON: FT May 19 2022:
Britain has the highest inflation in the G7 of advanced economies —– and the country’s inflation problem has more signs of persistence than in many other European countries.