Inflation

[Currywurst and Chips]

I like the idea this is Boris' plan and Keir should be opposing it, That great vote winner, inflation.

Uk inflation ranks 4th highest in the G7 and is behind the Eurozone and USA.

The main lever to counter it lies with the BoE

[LittleMate]

It doesn't seem like that long ago when 'inflation' was a dirty word in economic/banking/government circles.

Now prices of a lot of things are noticably more expensive than six months ago, and everyone's a bit 'Meh' about it.

Maybe because inflation reduces the cost of (the now massive) government debt it's alright with them. Just us plebs who can't afford stuff who need to worry! Surely not.

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

The working person will be ok because wages are sky rocketing due to the Tories successful handling of the economy.

The only people who will struggle are the dole scrounging labour voters.



There you go guys, saved you a post.

And pensioners

[Dunners]

Possible BoE interest rate announcement due tomorrow. Any predictions? I'm going to go with rates staying at 0.1% despite their signals last month.

Called it. I reckon I could have fluked more than a C.

[Ronnie Hotdogs]

£ has fallen on this news.

1BTC still = 1BTC, tho.

[Dunners]

FFS.

[Ronnie Hotdogs]

FFS.

This is what happens when
*you have to clear up the financial mess left by the previous government/there’s an unprecedented worldwide global pandemic to deal with/there’s no credible opposition.


*delete as appropriate to clear the fuckers in charge of any blame.

[Dohnut]

It doesn't seem like that long ago when 'inflation' was a dirty word in economic/banking/government circles.

Now prices of a lot of things are noticably more expensive than six months ago, and everyone's a bit 'Meh' about it.

Maybe because inflation reduces the cost of (the now massive) government debt it's alright with them. Just us plebs who can't afford stuff who need to worry! Surely not.

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

Was paying attention until you said imagine this was happening under Corbyn. That concept is just so scary that inflation would be the least of our problems. Just the thought make me shiver. That goodness I was not alone with that fear.

[Jack]

It doesn't seem like that long ago when 'inflation' was a dirty word in economic/banking/government circles.

Now prices of a lot of things are noticably more expensive than six months ago, and everyone's a bit 'Meh' about it.

Maybe because inflation reduces the cost of (the now massive) government debt it's alright with them. Just us plebs who can't afford stuff who need to worry! Surely not.

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

Was paying attention until you said imagine this was happening under Corbyn. That concept is just so scary that inflation would be the least of our problems. Just the thought make me shiver. That goodness I was not alone with that fear.

What exactly were you scared of? A kind man with great policies. Water, transport gas Electricity all re nationalised. Living wage for all, I could go on.
Obviously you prefer sleaze, corruption, inflation, Brexit with all its nastiness, so you made sure you got that by not voting for Corbyn
Maybe stop listening to the Daily Mail and other right wing 'papers' whos owners would lose a fortune if Jezza got elected and started doing good things

[Dohnut]

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

Was paying attention until you said imagine this was happening under Corbyn. That concept is just so scary that inflation would be the least of our problems. Just the thought make me shiver. That goodness I was not alone with that fear.

What exactly were you scared of? A kind man with great policies. Water, transport gas Electricity all re nationalised. Living wage for all, I could go on.
Obviously you prefer sleaze, corruption, inflation, Brexit with all its nastiness, so you made sure you got that by not voting for Corbyn

A very unrealistic view of Corbyn. However, I have previously posted, some of his ideas are actually very good. That was never the problem. He tried to be all things to all voters when it was quite clear that he had zero chance of implementing all (or much) he promised and lost credibility. A conclusion his own party came to (Milliband report I think, I still have it somewhere) after the election failure. That, combined with his dithering over Brexit showed he was not capable of really taking a position over one of the most important decisions of our time.

As a consequence we have a complete a-hole in charge. With a massive majority, who can pretty much do what the feck he likes and it needs his own back benchers to pull him Into line because we have no credible opposition.

[tuffers#1]

It doesn't seem like that long ago when 'inflation' was a dirty word in economic/banking/government circles.

Now prices of a lot of things are noticably more expensive than six months ago, and everyone's a bit 'Meh' about it.

Maybe because inflation reduces the cost of (the now massive) government debt it's alright with them. Just us plebs who can't afford stuff who need to worry! Surely not.

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

Was paying attention until you said imagine this was happening under Corbyn. That concept is just so scary that inflation would be the least of our problems. Just the thought make me shiver. That goodness I was not alone with that fear.

You were just conned by the Right Wing Press
its ok to admit that you are Fallable .

[Dunners]

'morning.

[Long slender neck]

Cant wait for my pay rise to balance this out.

[Dunners]

Looking at the breakdown of what is driving inflation, I'm not sure the BoE can actually do much about it anymore. It would require a political solution which I cant see happening. I'm also increasingly skeptical that some of the supply chain issues will just simply bounce back to normal at some point. So for now we appear to be stuck.

[Adz]

Wait for the ad blue shortage to kick in and the sh*t will really hit the fan

[Ronnie Hotdogs]

What is ad blue?

[Dunners]

What is ad blue?

It's flavouring for diesel, I think.

[Give it to Jabo]

And the country is still awaiting the Brexit bonanza...

Hope the Tories get a bloody nose in the by-election later today....

[Max B Gold]

What is ad blue?

Let me know if you need any. My contact Big Pete down the car parts dealer can get it for £7.50 for 10 Litres.

[BoniO]

What is ad blue?

It's flavouring for diesel, I think.

It's a bit like Febreze so diesels smell like a flower meadow.

[Currywurst and Chips]

BoE raises rates, Sterling and the market rallying

[Orient Punxx]

Excellent less money in the pocket to buy the essentials - great policy! Hardly going to pause the rise in energy prices or fix the supply chain causing inflation.

[Orient Punxx]

Sterling strengthens - great I’ll have a few more quid to pay for the required testing to go abroad.

[Dunners]

It's only reverted back to 0.25%. Anyone who is detrimentally f*cked by that was f*cked anyway.

[Orient Punxx]

Yep I agree but the link between inflation and interest rates has no real relevance at this point in time.

[BoniO]

It doesn't seem like that long ago when 'inflation' was a dirty word in economic/banking/government circles.

Now prices of a lot of things are noticably more expensive than six months ago, and everyone's a bit 'Meh' about it.

Maybe because inflation reduces the cost of (the now massive) government debt it's alright with them. Just us plebs who can't afford stuff who need to worry! Surely not.

Partly down to an ineffectual opposition, right?

Imagine this was happening under Corbyn, or in fact, any Labour government. The tories would be out in force, and all over them media that Labours ineptitude is costing the average working person money out of their pocket.

Was paying attention until you said imagine this was happening under Corbyn. That concept is just so scary that inflation would be the least of our problems. Just the thought make me shiver. That goodness I was not alone with that fear.

Rolling this old chestnut out again, the old "it would have been worse under Corbyn" rat-hole. Always the defence of those with no argument, no bloody idea really. For the umpteenth time, nobody knows how Corbyn would have handled this crisis - not you, not me. However, could it have been any worse that Bojo and chums. I very much doubt it but it's all subjective.

What we do know, as fact, is that Bojo and chums have had a very profitable Pandemic, thank you very much. The Tories always have looked after their own first and foremost.