Afshin Rattansi goes underground on the impact of inflation in international relations. Pippa Malmgren, former U.S. Presidential policy advisor, warns that the UK and US are using inflation to default on their debts, and their principal creditors, Russia and China, are making grabs for assets in the face of that uncertainty and risk. Kevin Courtney, Deputy General Secretary of the National Union of Teachers, warns academies are failing to increase school standards and let vested interests into the system. With further talks on TTIP this week, we look further into what damage could be wreaked on the NHS if the free trade agreement goes through. And Iain Duncan Smith plans yet more cuts to benefits – as research shows that even with greater austerity, Tory welfare spending will be no lower than when they came into power.