UK Inflation up - above government target

[NoddY]

Sterling to be pulped

New La-bore will view inflation as the lesser of the evils and insist on cutting interest rates. Mervyn King is disposable if he kicks up a fuss. The pound is overvalued, the trade deficit is widening and they are scared stiff of a house price crash. The only 'solution' is to let inflation run riot.

Labour governments always leave office with the economy in a worse state than they found it.

[AtW]

The pound is overvalued

Against what, Turkish Lira and US Dollar? I doubt it. Pound is raising (against dolllar) not because it is strong, but because US Dollar is getting weaker and weaker.

[shaunbhoy]

Labour governments always leave office with the economy in a worse state than they found it.

The most depressing aspect of this obvious truth is that on this occasion they have been allowed much more time to really c0ck it up big time!

[xoggoth]

Inflation rates should include tax too. Bet they don't. Inflation on BIK for company vans has been 1000% this year.


PS Vans should count as 80% of any realistic retail price index. RPI should only include vans, porn, massage parlours, Viz and vodka.