Britain will be the strongest major economy in Europe for the next 2 years, says IMF

[BrilloPad]

Aye couldn't have put it better myself.
We've had inflation in the past and while not pretty, it's the lesser of 2 evils.

But you seem to think that going well over target is a good thing. Tell you what - vote for me to be Guv of BoE and I will take my helicopter over London and drop £50 notes.....

[sasguru]

But you seem to think that going well over target is a good thing. Tell you what - vote for me to be Guv of BoE and I will take my helicopter over London and drop £50 notes.....

The "helicoper drop" is actually a serious Gedankenexperiment in economic circles. No one knows what the effect would be - no one has the balls to try.

[eek]

That doesn't seem to have stopped people buying techie stuff for the last 30 years.

That is an exception but its only worked because of the built in redundancy of computers. It always used to be that a three year old computer was so much worse than even the cheapest new one you gave up and bought it (usually in my case when it was end of life in a sale).

Now that it isn't the case pc sales are falling off a cliff especially as ipad's are a sexier option when all you want to do is read email and browser the net.

[sasguru]

That doesn't seem to have stopped people buying techie stuff for the last 30 years.

Techie stuff is constantly evolving and has the geek attraction for novelty.
If there was deflation, you'd put off buying a kitchen, say, or new furniture or almost anything since it would be cheaper a month from now and even cheaper a year from now

[doodab]

Techie stuff is constantly evolving and has the geek attraction for novelty.
If there was deflation, you'd put off buying a kitchen, say, or new furniture or almost anything since it would be cheaper a month from now and even cheaper a year from now

If that were true japanese people wouldn't have kitchens

[Doggy Styles]

If that were true japanese people wouldn't have kitchens

The Japs suffered badly from deflation in the nineties.

[sasguru]

The Japs suffered badly from deflation in the nineties.

They must have had very old kitchens then.

[AtW]

Its lucky for us that we don't have an ex-communist like Merkel at the helm.
You ex-commies haven't a clue about economics with your simpleton mindset.

Funnily enough commies had more experience with printing money than the west

[AtW]

Thank God we're not in the Euro.

Yes so instead of supporting neighbours in eurozone UK will be paying more money to IMF which will go to said eurozone

[Doggy Styles]

Yes so instead of supporting neighbours in eurozone UK will be paying more money to IMF which will go to said eurozone

I don't think you understand the difference between being inside and outside the eurozone. Having our own currency, we can pick and choose how we support these bailouts.