U.K. Inflation Rate Unexpectedly Jumps in July

[Martin@AS Financial]

Interesting report from Bloomberg:

https://www.bloomberg.com/news/artic...-fuel-clothing

[AtW]

Printing money can have that effect - BoE is the main buyer of Govt debt, thats why yields so low, the whole thing is a Con

[BlasterBates]

Oh dear.....

Jacob-Rees-Mogg predicts lower prices

[Old Greg]

Oh dear.....

Jacob-Rees-Mogg predicts lower prices

He said the world is now our oyster and we will not have to be restricted by punitive food, wine, clothing and footwear costs.

Do the gammons really buy this nonsense? EU tariffs on Australian wine area about 8p per bottle, whereas UK government imposed duty and VAT is over 2 quid per bottle. Now consider how much the depreciation of GBP since the referendum has added to the cost...

[AtW]

1984 : “ The significance of the telescreen announcement about the chocolate ration is to demonstrate the extent to which the Party has succeeded in indoctrinating people into its ideology. The principles of Ingsoc that forbid thought crime and an acknowledgement of the past are fully operational.”