Uk Inflation Rate Rises To 3.1%

[mikey4444]

http://www.bbc.co.uk/news/business-42320052

If you want rising inflation, together with rising interest rates, then voting Tory is the order of the day it seems.

[Old_Geezer]

I'd not be overly worried about 3%ish. As long as wage and pension payouts rise with inflation. Knowing the cause(s) of where the rate is going, is more important.

[emmie]

voting tory is always the order of the day, sorry but your anti government stance is a tad old hat.

[Kromovaracun]

Wages have been stagnant (in fact shrinking) for years now, OG.

[youngmafbog]

Do you honestly believe some of the, well tosh, you write?

Just what do you think would happen with Labour in power spending money like water let alone McDonnels ' run on the pound' ?

From many of your posts I suspect you have little or no understanding of economics. Maybe read up a bit in your spare time (but go for non political learning) it can be quite interesting.

[emmie]

i would go along with OG on this one to be honest.

[Togo]

Wonder what it is in Venezuela? Corbyn's financial model I believe.

[New Judge]

It's what happens when you print worthless money (or borrow it on a promise when you have no means of repayment other than IOUs). All governments do it, Mikey, not just Tory ones. This is because the UK is addicted to seeing its government spend money it hasn't got on things the public once never had but now cannot live without.

[albaqwerty]

now, Mikey, please!

so there was no rampant inflation under a Labour government?

Must admit, am not impressed with the rise in the cost of a loaf - gone from 75p to £1, am not very good at sums, but even I know that's more than 3.1%

[emmie]

our bread in waitrose can be as little as 60p, it hasn't gone up much in months.

[albaqwerty]

NJ, isn't that similar to the housing thingy?
Someone buys a house for £100,000 - someone comes along and says it's worth £300,000
so the owner (ahem) takes out some money against the inflated price, mortgage goes up and no means to repay?
(just wodering)

[albaqwerty]

would much prefer to be wondering than wodering btw

[Old_Geezer]

That's austerity for you Kromo :-(

[bhg481]

The highest inflation I can find in the last 50 years (about 26%) was in 1975 - I wonder who was PM then.

[Old_Geezer]

Different times bgh; different times.

[Old_Geezer]

bhg
>:-(

[emmie]

was it Harold Wilson, i know Jim Callaghan was 1976

[NellieMay]

Sorry, Mikey, but I clearly remember the 70s and our mortage rate going sky high at a fast rate (about 15%). We were young, buying our first very cheap house. Had only second hand furniture and were living hand to mouth to the point where we were scrabbling about to find money for me to take a bus to work. Do you not remember? I have no idea what age you are.

[emmie]

he's 65 i believe

[Old_Geezer]

As but we had it easy with such low stable mortgage rates in those days. Not like today's generation.