The pound in your pocket

[BrilloPad]

since 2005, prices in the UK are up 22.8 per cent. Since 1987, they are up 142 per cent. Since November 2009, just 31 months ago, prices are up 9.6 per cent – the pound in your pocket has lost a tenth of its value.

Inflation falls at last

The sufferers are savers who are mostly old people. Who have it too good at the expense of the young. It only becomes a worry if everyone decides there is no point in saving.

[suityou01]

since 2005, prices in the UK are up 22.8 per cent. Since 1987, they are up 142 per cent. Since November 2009, just 31 months ago, prices are up 9.6 per cent – the pound in your pocket has lost a tenth of its value.

Inflation falls at last

The sufferers are savers who are mostly old people. Who have it too good at the expense of the young. It only becomes a worry if everyone decides there is no point in saving.

Yeah cos savers have had it right cushty with BOE base at 0.5% for the last 4 years

[MarillionFan]

Where do they get a 'tenth' from?

[BrilloPad]

Where do they get a 'tenth' from?

Roughly now goods that cost 100p will now cost 109.6p. So you now get 91.24p worth of goods for your 100p. I think. Oh dear - this is more complicated than I thought.

IT JUST IS OKAY!

[MarillionFan]

Roughly now goods that cost 100p will now cost 109.6p. So you now get 91.24p worth of goods for your 100p. I think. Oh dear - this is more complicated than I thought.

IT JUST IS OKAY!

But it said prices were up 23%???

[BrilloPad]

Feck me, I thought they'd reanimated Harold Wilson.

From wiki

Wilson was much criticised for a broadcast in which he assured listeners that the "pound in your pocket" had not lost its value. It was widely forgotten that his next sentence had been "prices will rise".

It is that sort of attitude which caused the UK to go downhill until Maggie came along.

[BrilloPad]

But it said prices were up 23%???

Since 2005. But since November 2009 (31 months ago) prices are up 9.6 per cent.

My pension is worth less and less. I think I will be lucky if I retire at 75.

[MarillionFan]

Since 2005. But since November 2009 (31 months ago) prices are up 9.6 per cent.

My pension is worth less and less. I think I will be lucky if I retire at 75.

I missed that bit. It's correct then.

Carry on.

[Diver]

Since 2005. But since November 2009 (31 months ago) prices are up 9.6 per cent.

My pension is worth less and less. I think I will be lucky if I retire at 75.

That's my target date now. remembering that I retired at 50 and then went back to work through boredom and then bought another house etc and took out another mortgage and sold my soul to the capitalist devil and now face a lifetime of poverty unless I work til I drop

[SimonMac]

Since 2005. But since November 2009 (31 months ago) prices are up 9.6 per cent.

My pension is worth less and less. I think I will be lucky if I retire at 75.

I will be lucky to live to 75 with my families health history