Inflation musings....
#1
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Inflation musings....
I'm starting to think inflation is out of control in this country yet the government seems to ignore this fact....
A couple of examples:
My son and his friends wanted to go to Notting Hill Carnival at the weekend I said I would pay for the train fare. As the kids are sixteen they had to pay full fare. Three returns from Slough on a Sunday(off-peak)..... £36.50
I then took my younger children to a fete which costanother £20 just to get in then four hamburgers at £4.50 each bouncy castles etc etc all in all excluding petrol £120 for a leisurely Sunday out. Yesterday we went to Legoland all in allthis came to £240.
£360 for a leisurely bank holiday weekend..........by my calculations this sameweekend would have cost half this five years ago.
I can't understand how people are supposed to pay a massive mortgage and have children at the same time.
A couple of examples:
My son and his friends wanted to go to Notting Hill Carnival at the weekend I said I would pay for the train fare. As the kids are sixteen they had to pay full fare. Three returns from Slough on a Sunday(off-peak)..... £36.50
I then took my younger children to a fete which costanother £20 just to get in then four hamburgers at £4.50 each bouncy castles etc etc all in all excluding petrol £120 for a leisurely Sunday out. Yesterday we went to Legoland all in allthis came to £240.
£360 for a leisurely bank holiday weekend..........by my calculations this sameweekend would have cost half this five years ago.
I can't understand how people are supposed to pay a massive mortgage and have children at the same time.
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This is the latest government propaganda on why inflation is falling.... it certainly doesn't feel like that to me!
Transport, with average petrol prices recorded across July falling by around 0.3p per litre, compared with an increase of nearly 2p last year;
Housing and household services, as energy bills continued to fall due to the phasing in of gas and electricity tariff reductions and some new cuts this month; and;
Recreation and culture, where July saw some price reductions for digital cameras and camcorders, personal computers, recording media and theatre admissions.
Transport, with average petrol prices recorded across July falling by around 0.3p per litre, compared with an increase of nearly 2p last year;
Housing and household services, as energy bills continued to fall due to the phasing in of gas and electricity tariff reductions and some new cuts this month; and;
Recreation and culture, where July saw some price reductions for digital cameras and camcorders, personal computers, recording media and theatre admissions.
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#6
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£4 a pint anyone would think we were in Norway!
£4 a pint would be semi-okay if you were in a five-star hotel in London wedding reception in a normal hotel is ridiculous.
Good old BBC telling it like it is:
BBC NEWS | Business | Upbeat US homes sales lift shares
£4 a pint would be semi-okay if you were in a five-star hotel in London wedding reception in a normal hotel is ridiculous.
Good old BBC telling it like it is:
BBC NEWS | Business | Upbeat US homes sales lift shares
Last edited by GOLDMAN 555; 28 August 2007 at 04:59 PM.
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The government's favoruite CPI figure is likely rise quite sharly IMO, as if you look at what items are included, some of them look set to rise in price sharply.
The big ones are food and cheap Chinease imports which have generally fallen in price (cancelling out the rises elsewhere), look like they might start to get more costly.
Could potentially turn out to be a massive double whammy for asset prices. Assets such as housing already look set to fall in price quite sharply due to the credit crisis meaning it'll be much harder to borrow money, but also if inflation rockets then interest rates will also.
The next 12 months could potentially be very interesting! I've never lived through an economic bust in my working life, but maybe it wont be long until I get my first taste of one....
The big ones are food and cheap Chinease imports which have generally fallen in price (cancelling out the rises elsewhere), look like they might start to get more costly.
Could potentially turn out to be a massive double whammy for asset prices. Assets such as housing already look set to fall in price quite sharply due to the credit crisis meaning it'll be much harder to borrow money, but also if inflation rockets then interest rates will also.
The next 12 months could potentially be very interesting! I've never lived through an economic bust in my working life, but maybe it wont be long until I get my first taste of one....
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I went into a local garage and asked the chap to check the tyre pressures. He wanted 50 p per tyre to check and blow in some air.
When I complained he just said.........
"Well that's inflation for you Sir"
When I complained he just said.........
"Well that's inflation for you Sir"
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There is no inflation;
What HAS happened is that instead of adopting the Euro, the government adopted the Egyptian pound instead
Shrewed move Flash Gordon
What HAS happened is that instead of adopting the Euro, the government adopted the Egyptian pound instead
Shrewed move Flash Gordon
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just wait until the min wage goes up yet again and the extra 4 days holiday entitlement gets added on.
i for one will be whacking our pricelist upwards
i for one will be whacking our pricelist upwards
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