Inflation hits 11 year high.
16 January 2007, 01:27 PM
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Inflation hits 11 year high.
BBC NEWS | Business | UK inflation rate at 11-year high
I found this bit quite amusing, in a "typical" kind of way..
and then..
What is he supposed to write then?
Dear Mr Brown,
Infaltion is over 3% because you keep taxing the **** off the motorist. Not sure what you expect me to do about it, tosser.
Lots of love,
Merv.
I found this bit quite amusing, in a "typical" kind of way..
Originally Posted by BBC
The Office for National Statistics said the largest upward impact on prices in December came from transport costs.
These were lifted by rising petrol prices and the fuel duty increase unveiled by Gordon Brown in the pre-Budget report.
These were lifted by rising petrol prices and the fuel duty increase unveiled by Gordon Brown in the pre-Budget report.
Originally Posted by BBC
If CPI inflation should rise above 3%, the Bank's governor Mervyn King would have to write a letter of explanation to the government - the first time since the Bank gained independence in 1997.
What is he supposed to write then?
Dear Mr Brown,
Infaltion is over 3% because you keep taxing the **** off the motorist. Not sure what you expect me to do about it, tosser.
Lots of love,
Merv.
16 January 2007, 01:37 PM
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16 January 2007, 01:49 PM
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Yes, but that was using the old RPI calulation method to calculate inflation, which Gordon changed to the CPI method as soon as it started getting out of hand.
16 January 2007, 01:51 PM
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CPI (excludes mortgage payments) is @ 3%
RPIX (excludes mortgage payments) is @ 3.8%
RPI (includes mortgage payments) is @ 4.8%
How on earth you manage to justify exlcuding mortgage payments from inflation figures, when the interest rate is used as a measure to control inflation is beyond me.
RPIX (excludes mortgage payments) is @ 3.8%
RPI (includes mortgage payments) is @ 4.8%
How on earth you manage to justify exlcuding mortgage payments from inflation figures, when the interest rate is used as a measure to control inflation is beyond me.
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16 January 2007, 01:53 PM
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That's not a mutually exclusive statement.
How on earth you manage to justify exlcuding mortgage payments from inflation figures, when the interest rate is used as a measure to control the housing market and its effect on inflation
would be more accurate
16 January 2007, 02:03 PM
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3%? you're having a laugh. Even the RPI figure is a joke. Everyone knows how much prices have been rising. Most people are worse off than they were 3-5 years ago even if they have had reasonable pay increases.
Further proof Gordon is not the magical chancellor Labour and he himself would tell you he is.
Further proof Gordon is not the magical chancellor Labour and he himself would tell you he is.
16 January 2007, 02:10 PM
#10
And then, with typical NL spin, NONE of it will be, or will have been, HIS fault
Alcazar
16 January 2007, 02:13 PM
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3%? you're having a laugh. Even the RPI figure is a joke. Everyone knows how much prices have been rising. Most people are worse off than they were 3-5 years ago even if they have had reasonable pay increases.
Further proof Gordon is not the magical chancellor Labour and he himself would tell you he is.
Further proof Gordon is not the magical chancellor Labour and he himself would tell you he is.
Do I win £5?
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