UK Inflation, world leading figures.

[_V_]

I think this is really what the budget is really about. Removing as much buying power from people as possible via high taxes. As long as the govt gives all the raised taxes to a few Tory mates running offshore companies, and the billions don't find their way back to the UK economy, then it will have the same effect as raising interest rates, EXCEPT it won't crash the Tory BTL empires.

[AtW]

Even better - increase taxes on businesses …

[Protagoras]

I know a really simple way to reduce inflation.

Increase taxes so that people have no money left to buy things and then the price of things will fall as demand reduces.

Once the workers who made the things are redundant, there's even less money to buy things and the effect is multiplied.

[_V_]

• At 07:00 the Office for National Statistics announced that inflation in the year to October had risen to a 41-year high of 11.1%
• The rise - up from from 10.1% in September - was largely driven by rising fuel, energy and food prices
• Food inflation is currently running at 16.2%, with staple items such as milk and pasta more than double that
• Prime Minister Rishi Sunak said tackling inflation was his number one priority
• Tomorrow Chancellor Jeremy Hunt will deliver his Autumn Statement and has promised to drive down "insidious" inflation as part of his economic programme

https://www.bbc.co.uk/news/live/uk-6...ost_type=share