Shocking inflation numbers today
Scooby Regular
Joined: Dec 2007
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From: Scotland
I'm fine about that, but I quite like to be selective. I'm guessing we're just opposites, in that I'm perfectly comfortable holding shares in single companies. Funds will follow the market, whereas it's my (perhaps misguided) belief that I can at least slightly better it.
Scooby Regular
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I really can't see how anyone thought it wouldn't be over 5% given the energy firms have increased prices by 18% in some cases. It will drop after the end of the year as things like the VAT rise drop out, but will probably be too late by then.
The bad news for the chancellor is that this September figure is the figure that pension increases etc. are based on so that's a other nail in the coffin for his deficit/debt reduction plans.
This government are almost as biig a laugh as the last lot.
Two things made me chuckle this week.
A government report into obesity that took months to prepare (and probably cost lots of taxpayers' money) came up with the conclusion that to avoid obesity people should eat less
That was bad enough, but then they announced it like it was some revelation LOL!
Secondly the energy summit at the weekend concluded people should shop around for the best deal. Brilliant idea!!! Thank God for the government.... I would never have thought to do tha!
Fcukwits!
The bad news for the chancellor is that this September figure is the figure that pension increases etc. are based on so that's a other nail in the coffin for his deficit/debt reduction plans.
This government are almost as biig a laugh as the last lot.
Two things made me chuckle this week.
A government report into obesity that took months to prepare (and probably cost lots of taxpayers' money) came up with the conclusion that to avoid obesity people should eat less
That was bad enough, but then they announced it like it was some revelation LOL!Secondly the energy summit at the weekend concluded people should shop around for the best deal. Brilliant idea!!! Thank God for the government.... I would never have thought to do tha!
Fcukwits!
Les
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The 5.2% rate is the highest CPI measure since September 2008, and it has never been higher since the CPI measure was introduced in 1997.
That's right folks ..... inflation, the thing the Tories cannot control is now as high as it was in 1997 when the Tories got booted out and Labour had to hammer it right back down again!!
Thanks Tories - you useless articles!!
That's right folks ..... inflation, the thing the Tories cannot control is now as high as it was in 1997 when the Tories got booted out and Labour had to hammer it right back down again!!
Thanks Tories - you useless articles!!
Les
Scooby Regular
Joined: Sep 2003
Posts: 12,575
Likes: 65
From: West Wales
I'm fine about that, but I quite like to be selective. I'm guessing we're just opposites, in that I'm perfectly comfortable holding shares in single companies. Funds will follow the market, whereas it's my (perhaps misguided) belief that I can at least slightly better it.
Thanks for the reply. If I had more time, I'd devote some of it to getting to know individual companies better. It helps with fund selection knowing where the fund itself is investing (and which companies) so I get involved to that extent but not directly.
Scooby Regular
Joined: Sep 2003
Posts: 12,575
Likes: 65
From: West Wales
Not really that interested what it is right now.
Its where it will be in 12 months time is probably the single biggest question for the UK. Will it tail off to a more manageable 3% or so or will the pressures of this year cause a little respite before tearing off into double figures??
Its where it will be in 12 months time is probably the single biggest question for the UK. Will it tail off to a more manageable 3% or so or will the pressures of this year cause a little respite before tearing off into double figures??
Government need to "get hold" of the profiteering companies, energy, fuel, phones, the like.
NOT necessary to post record year on year profits at a time like this.
And yes, I KNOW it feeds rich shareholders, but it's the poor who can't ever afford shares that pay for it.
NOT necessary to post record year on year profits at a time like this.
And yes, I KNOW it feeds rich shareholders, but it's the poor who can't ever afford shares that pay for it.
Scooby Regular
Joined: Sep 2003
Posts: 12,575
Likes: 65
From: West Wales
So wages increase in line with inflation? That will be on benefits
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