If GDP is a measure of UK gross earnings and M4 Broad Money is a measure of the dosh in our economy at a given time.
If there is a greater annualised increase in the dosh slosh compared to the earnings ... Then surely that must be root inflation.
currently GDP = 3.4% M4 = 8.0% .. Relatively we've printed 4.6% more dosh than we have earned, was, last year at 5% Hence the recent increases in Bank rate ... Isn't there about a 2 yr lag, twixt turning the economic screw and the results of that becoming apparent ?
Interesting .... did the govn CAP pension increases via RPI to 2.5% ? or was that another leaked proposal ?
The colander Govn !!
Watch out !! the current official index of inflation is the CPI (Consumer Prices Index) CPI excludes a number of items, these include council tax and a range of owner-occupier housing costs such as mortgage interest payments, house depreciation, buildings insurance, estate agents' and conveyancing fees.
Setting up the feather plucking arena ... Clever old Jock at again !!
Up with the council tax ... no change to CPI no change in inflation ... Ok, still using RPI for pension increases ... but that aint set in stone !!
P ****** off !!
If there is a greater annualised increase in the dosh slosh compared to the earnings ... Then surely that must be root inflation.
currently GDP = 3.4% M4 = 8.0% .. Relatively we've printed 4.6% more dosh than we have earned, was, last year at 5% Hence the recent increases in Bank rate ... Isn't there about a 2 yr lag, twixt turning the economic screw and the results of that becoming apparent ?
Interesting .... did the govn CAP pension increases via RPI to 2.5% ? or was that another leaked proposal ?
The colander Govn !!
Watch out !! the current official index of inflation is the CPI (Consumer Prices Index) CPI excludes a number of items, these include council tax and a range of owner-occupier housing costs such as mortgage interest payments, house depreciation, buildings insurance, estate agents' and conveyancing fees.
Setting up the feather plucking arena ... Clever old Jock at again !!
Up with the council tax ... no change to CPI no change in inflation ... Ok, still using RPI for pension increases ... but that aint set in stone !!
P ****** off !!