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Head to octopusevo.com to get started today. Hello I'm Philip Kogan, the Buttonwood Columnist at the Economist and this is Money Talks.

Coming up this week, we talked a Nobel Prize winning economist Jean Tyrol.

Soundbite is not what economists are good at. And we actually need to explain that people should be beware of simple messages.

And where in the world do they drive right-hand cars on the right side of the road?

The problem is that of course Japan drives on the left,

whereas Myanmar people drive on the right,

and so almost all the cars that people have imported

are designed for Japanese roads.

But first, the Monetary Policy Committee of the Bank of England meets on Thursday, November 2nd, to decide whether to raise interest rates by a quarter of a point to 0.5%. This would mark the first tightening

of monetary policy for a decade. Inflation in Britain is at its highest level in five years

and the governor of the Bank of England said recently

that it had further to climb.

Against the uncertainty of Brexit negotiations, should the MPC members vote for a rate rise

or hold off until things are clearer early next year.

Callum Williams is our Britain economics correspondent.

Callum, what do we think?

Well, as you say, inflation really recently hit 3%, which is very high by British standards at least,

...