The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality B ritain is facing the most severe energy shock since the early 1970s , but have no fear: the government has a plan. Details of said plan are still a little sketchy, but will be unveiled in the fullness of time. No need