Britain's labor market is powering ahead, and inflation exceeds the Bank of England's target. Is it hot in here? Don't expect Governor Mark Carney to cool things off.
Here's a major economy where price increases have not only picked up, but at 2.6 percent easily top the 2 percent target. Unlike in the U.S., the euro zone and Japan, a strong job picture is accompanied by inflation that would, according to textbooks, provide a great rationale for increasing interest rates.