Inflation on the rise

[PurpleGorilla]

Does the Chancellor still have to write a letter to the Guv of the BOE when inflation goes over a certain amount?

Strong, soft, and thoroughly absorbent.

[VectraMan]

Does the Chancellor still have to write a letter to the Guv of the BOE when inflation goes over a certain amount?

He only has to write "BREXIT!" in big red letters, and sign it.

[VillageContractor]

Does the Chancellor still have to write a letter to the Guv of the BOE when inflation goes over a certain amount?

Isn't it the other way round - I thought the BoE was responsible for inflation

[northernladyuk]

Isn't it the other way round - I thought the BoE was responsible for inflation

That was until the Brexit vote. Now the Chancellor has to explain himself.

[original PM]

Stop talking the economy down. You're as bad as Business Hung parliament sinks business confidence, IoD finds - BBC News , and the rating agencies Pound slumps to fresh seven-month low against euro after Moody's warns general election result is 'credit negative' for UK .

Sterling is now super-competitive so it will all be fine.

Not a seven month low - how will we recover?

Wont somebody think of the children!

[Waldorf]

A small bout of inflation is probably the only way we're going to get the debt down as a percentage of GDP now that 40% of the public do think we have a magic money tree and can spend, spend, spend with no thought to the consequences.

[northernladyuk]

A small bout of inflation is probably the only way we're going to get the debt down as a percentage of GDP now that 40% of the public do think we have a magic money tree and can spend, spend, spend with no thought to the consequences.

Does that work with high inflation and low GDP growth?

[darmstadt]

I saw the other day that at a currency exchanges in airports the Pound was actually lower than an Euro but no-one with any sense uses them anyway. However the interesting thing was that the people behind the counter have a list of all the currencies and their exchange rates (primarily because they can't display them all) and they had the Scottish Pound which was actually trading at a better rate then the normal GBP! So stack up on them Scottish notes just in case you find yourself caught short at an airport for cash...

[scooterscot]

Does the Chancellor still have to write a letter to the Guv of the BOE when inflation goes over a certain amount?

What chancellor?

[BrilloPad]

Not a seven month low - how will we recover?

Wont somebody think of the children!

They are. Soon their will be hyper-inflation with wage rises to match. Pensions and savings will be totally wiped out. Youngsters will be able to afford a house and throw the oldies on the scrap heap.