Inflation Increases By 35% - Minister Says It's Good News - Right Oh!

[ToraToraTora]

https://news.sky.com/story/politics-latest-rayner-to-stand-in-for-starmer-at-pmqs-as-minister-insists-inflation-rise-is-good-news-12593360

Astonishingly the chief secretary to the treasury says it's good news. What planet are these people on?

[Old_Geezer]

That's a big increase !

[ToraToraTora]

Yes OG 0.6 point rise to 2.3 from 1.7 = 35.2%

[teacher1]

Gulliver will be happy ...... he always says that that Labour are on the up !

[CrapatCryptics2]

It probably is good news for a CSTTT who knows his investment portfolio will flourish

[youngmafbog]

The result of left wing 6th form economics.  Thisis just the start, the money men are not happy. Rachael of the complaints department wont be happy.

 

//It probably is good news for a CSTTT who knows his investment portfolio will flourish//

Perhaps you could explanin to me out inflation makes an investment portfolio (That most would have invested around the World anyway) would flourish?

[douglas9401]

A headline worthy of GB News. 🤣

[douglas9401]

A headline worthy of GB News. 🤣

[ToraToraTora]

you can say that again!

[Hymie]

This Labour government has a lot catching up to do on inflation, to match the performance of the last Tory government.

 

In October 2020 annual inflation stood at 0.9%, two years later in October 2022 it stood at 9.6% - more than a 960% rise in 2 years.