What are the policy and non policy drivers of inflation the British economy? (Reading 1) Which groups are most affected? (Reading 1) The first video describes what happened when the former British prime minister announced a series of tax cuts that would increase the deficit last year. Using the ADAS model or the loanable funds market, explain why a rising deficit may be a concern during inflationary times? What is the outlook for the future for Britain? (Video 2)