Originally posted by DimPrawn
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: UK inflation rate rises to 3.4%
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "UK inflation rate rises to 3.4%"
Collapse
-
INFLATION NATION UK
Per cent increase over the last year
Petrol & diesel 24.6
Air fares 10.8
Second-hand cars 15.7
New cars 5.2
Gardens, plants & flowers 6.1
Package holidays 6
Health insurance 10
Cars & holiday insurance 21.3
Fruit 8.6
Heating oil 43.5
Rail tickets 8.3
Stamps & postal services 9.6
Coffee, tea and cocoa 6.6
Tobacco 6.5
Stationery & drawing materials 7.4
Jewellery, clocks & watches 5.3
Leave a comment:
-
Originally posted by bobhope View Postdon't forget the sterling (haha) performance of GBP!
inflation +3.4%, savings at 1% = -2.4% + currency going down at 10% a year.
Leave a comment:
-
don't forget the sterling (haha) performance of GBP!
inflation +3.4%, savings at 1% = -2.4% + currency going down at 10% a year.
Leave a comment:
-
Well I'm pleased that inflation is going up. Got lots of my savings in Savings Certificates from NS&I which earn RPI + 1%, so 5.4% right now (and tax free too)!
Leave a comment:
-
Originally posted by Gonzo View PostBut if interest rates are 10% and inflation is 20% then in only three years you lose a quarter of the real value of your money and in eight years you lose half.
Leave a comment:
-
Originally posted by d000hg View PostIf interest rates AND inflation both jump up to about 15% then those with savings will finally be the ones who win, rather than suffering while those in debt are looked after.
Leave a comment:
-
Originally posted by Platypus View PostSo, I choose not to lend you a tenner. Simples.
Leave a comment:
-
Originally posted by Platypus View PostQuite so. And in return, the 'lending savers' take no risk. Yet they whine when they make a small return. When they DO take some risk (e.g. Icesave) they whine when they lose their money, so much so that the govt bails them out.
Leave a comment:
-
Originally posted by Mich the Tester View Post'Savers' are actually 'lenders'. They lend their money to the bank, who then lend it on at a rate of interest, keep a margin for themselves and then hand some interest to those who have lent them money, 'savers'.
Originally posted by Mich the Tester View PostIn practice, the bankers take the money and put it in a system with all the clarity and reliability of mystic meg, buy a couple of ferraris and then lose all the money and ask Gordon for some more.
Leave a comment:
-
Originally posted by Platypus View PostI'm genuinely baffled by the assumption that "savers" are somehow entitled to earn money on their savings. If you don't like the rate you're being offered, go elsewhere.
At least, that's the theory. In practice, the bankers take the money and put it in a system with all the clarity and reliability of mystic meg, buy a couple of ferraris and then lose all the money and ask Gordon for some more.
Leave a comment:
-
Originally posted by d000hg View PostIf interest rates AND inflation both jump up to about 15% then those with savings will finally be the ones who win, rather than suffering while those in debt are looked after.
Leave a comment:
-
If interest rates AND inflation both jump up to about 15% then those with savings will finally be the ones who win, rather than suffering while those in debt are looked after.
Leave a comment:
-
Originally posted by Gonzo View PostIt is more significant that it looks like the BofE Governor is being allowed to prioritise the stimulus over the inflation target.
It will end in tears.
Inflation was incredibly destructive during the seventies and eighties and getting it under control was incredibly painful but it looks like that lesson has finally been forgotten.
On the other hand, inflating the national debt away will destroy all our savings but it will mean our children and grandchildren will not have that millstone hanging around their necks.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: