What Alan Shearer has to teach us about inflation

What is the priciest Premier League transfer ever?

In Professional Adviser's blog The Value Perspective, Schroders' Andy Evans says transfer fees that football clubs are willing to pay nowadays may have you shaking your head in disbelief, but questions why people are seemingly unmoved by what inflation does to their cash.

So who are the world's three biggest spenders on defence these days? That's right: the US, China and… Manchester City. Boom, boom. Yes, we may still be a fortnight away from the start of the 2017-18 English Premier League season but of course it has been generating back-page headlines for weeks now thanks to the multi-million-pound transfer fees that appear to grow ever more incredible with each passing year. UK inflation jumps to 2.7% in April; Largest year-on-year increase since 2007 None has yet surpassed the £90m-odd Manchester United paid for Paul Pogba this time last year, b...