Inflation over 5% and rising

**DimPrawn** · 14 February 2011, 10:32

Originally posted by BlasterBates View Post

hmm

UK inflation expected to be double target rate - Telegraph

Is this just an expected blip?

Yeah, it's just a blip. Honest. Will be back under 2% really soon. No need to raise interest rates. Don't worry, your savings/pension/investments are safe.

Love 'n' hugs,

Merv.

**amcdonald** · 14 February 2011, 10:33

Originally posted by BlasterBates View Post

Inflation over 5% and rising

A De La Soul classic

**DimPrawn** · 14 February 2011, 10:35

Anyway, look over there!!!

Is that Global Warming I can see?

Must count some Carbon.

Now what was you talking about?

**NorthWestPerm2Contr** · 14 February 2011, 11:19

5%? is that all?

Seems a lot worse to me than that. Food has shot up, Petrol is now becoming a joke - £80 to fill up a tank?! VAT on it's own is like a bomb shell.

**ThomasSoerensen** · 14 February 2011, 11:33

And this is just the beginning.
How many £s did Bank of England print again?

But don't worry, as long as you got your share of the newly printed money it will offset the inflation.
And as long as you don't plan on buyig any imported goods.

Enjoy, chaps.

**riiiiiich** · 14 February 2011, 11:43

Originally posted by BlasterBates View Post

hmm

UK inflation expected to be double target rate - Telegraph

Is this just an expected blip?

I think it is a conspiracy of uncontrollable factors - high fuel prices and high grain prices especially. They should level out over time - although oil is a constant worry and really why we should always be trying to ease off our reliance on oil.

**riiiiiich** · 14 February 2011, 11:47

I understand the governments requirement to raise revenue but they have to be *very* careful that they don't strangle the economy, and I fear they are and it is sending us back into recession when combined with other factors. They need to reverse the VAT hike to stimulate sales and just accept the hit. We will get the debts levelled off over time, but Rome wasn't built in a day, and we need to ensure that as a country our credit rating remains good - which also limits the cost of servicing our debts.

**Doggy Styles** · 14 February 2011, 12:08

When interest rates go up, many of the million mortgage-holders who are already stretched to the limit will, er, snap? Burst? What's the word?

**ThomasSoerensen** · 14 February 2011, 12:20

Originally posted by Doggy Styles View Post

When interest rates go up, many of the million mortgage-holders who are already stretched to the limit will, er, snap? Burst? What's the word?

Pop, is the word.

Inflation over 5% and rising