Good news for UK

Good news indeed, inflation is far lower than in the 70's. More strikes are inevitable for the same reason as the 70's, people want to keep their earnings up with the cost of living. Brexit, Covid, Ukraine, all factors.

Blup
 
Give it 50 years (well 48 now) and it'll all be worth it. :unsure:
 
Mottie said:
Update:

Click to expand...
From that link....

  1. But UK inflation remains stubbornly high overall compared to many other nations and well above the Bank of England's target rate of 2%
  2. Food prices are still up about 15% year-on-year
  3. As a result, the Bank is expected to raise interest rates again next month in an effort to bring inflation down
 
Yes, it is good news that prices are only growing by 7% a year at the moment, down from 12%. It's still pretty bad though.
 
Have we reached the same point as it was in the 70's, when it was sensible to borrow as much as you could afford because inflation basically meant your total repayments were worth less than your borrowings?
 
That inflation figure is pretty pointless given the exclusions from the calculation...

Core inflation is unchanged and Service Sector inflation is rising...

Some inflationary pressures are not in the control of the UK, but of course there are self inflicted problems...

Brexit for example is costing the UK £100bn per year, and those new 'trade deals aren't worth diddly squat compared to what has been lost.

Which means ever increasing public debt and the cost of servicing that debt keeps rising...

And for the government that means squeezing those who can least afford it to feed the corporate governance system the UK is ruled by.

As a general rule of thumb, the poorer you are the higher your personal inflation rate is!
 
IT Minion said:
Yes, it is good news that prices are only growing by 7% a year at the moment, down from 12%. It's still pretty bad though.
Click to expand...
Still going in the right direction though - not staying the same or getting worse. How can that be anything other than good news?

I wonder what it will be in September when the triple lock is set, to work out pension rises?
 
ellal said:
That inflation figure is pretty pointless given the exclusions from the calculation...

Core inflation is unchanged and Service Sector inflation is rising...

Some inflationary pressures are not in the control of the UK, but of course there are self inflicted problems...

Brexit for example is costing the UK £100bn per year, and those new 'trade deals aren't worth diddly squat compared to what has been lost.

Which means ever increasing public debt and the cost of servicing that debt keeps rising...

And for the government that means squeezing those who can least afford it to feed the corporate governance system the UK is ruled by.

As a general rule of thumb, the poorer you are the higher your personal inflation rate is!
Click to expand...

IMG_5316.jpeg
 
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