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Rate of Inflation Jumps
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Are we witnessing the end of Gordon Brown's lucky streak? Warnings have recently been sounded about Labour's economic management by the IMF & OECD, now we're seeing inflation sharply rise again which will probably prompt an increase in interest rates by the Bank of England.
Oh dear it was never to last and like all things Labour touches, it'll all end in tears.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=345505&in_page_id=1770
Oh dear it was never to last and like all things Labour touches, it'll all end in tears.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=345505&in_page_id=1770
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Comments
And the CPI is still within target...........
There's probably more to come as public borrowing goes out of control. Housing market collapses, and recession looms - I think this third Labour administration will beget a recession in this country, and I say this with a sad heart.
:chin:
Inflation has jumped to a whopping great 1.9%
Can anyone remember what it was under the Tories?
Unemployment also rose last month, and last year the average family's take home pay fell for the first time since 1990. If the Conservatives managed to shut up about immigration for a minute they could be milking this for all it was worth....
Or at least that's what you'd like to think. Despite your claims of a Labour economic disaster, the vast majority of people think Labour has done a better job than the Tories and simply don't trust the Tories on the economy. I wonder why - look at the figures :
The Conservative record
The Labour record
Hence, why the Tories don't dare touch the economy as an issue - they'd be crucified!
Sorry, what was the point of a second thread?
And how, EXACTLY, can we be sure that Michael Howard would keep inflation down?
You rightly point out consumer debt and this is indeed a worrying element in the British economy which will have to be dealt with at some point, it does not have to lead to recession however.......
We are already seeing retail spend fall and a number of High Street retailers have gone down the tubes. Stormy days lie ahead me thinks.
Have they? Like who?
answer the question rich kid
If there was a hike in interest rates, then the banks wouldn't get paid and would lose billions. This is why it's not going to happen in a million years. HSBC's board of directors have more to do with the way the economy runs than the government.
They always do mate. It's just a question of how many and who for.
http://www.brc.org.uk/DynamicData04.asp?kCat=53&sCat=THE+BRC%E2%80%93KPMG+RETAIL+SALES+MONITOR
Tesco profits break through £2bn
http://news.bbc.co.uk/1/hi/business/4435339.stm
Nice one - so he IS gonna fuck up the NHS.....
Thats a vote winner if ever I saw one!
:cool:
I see no reason to beleive there will be a period of stagflation in the near future, do you?