So have you stocked up on beans or gold yet? Have you taken Guido’s advice?
The Governor of the Bank of England now has to write an open letter to the Chancellor. This is Mervyn King’s sixth such letter in seven years. Perhaps he will recommend stocking up on commodities. Don’t forget we have a serious chance of a double-dip recession on the horizon. And still we have no pro-growth policies from the government, only over-spending and over-borrowing…
Another Twittish Tweet from Kerry McCarthy | BBC
What’s the Point of Our Anti-Business Secretary? | Ruth Porter
HuffPo Hiring Pro-Iranian Mehdi “Act of Desperation” | Fox News
Krugman is Seductive, Simplistic and Unrealistic | Jeremy Warner
Lower Taxes, Higher Growth, the Statistical Evidence | CPS
Bash the Unions, Gatecrash the Quangos | ConservativeHome
I Told You So: Euro is Doomed | Douglas Carswell
PM Speaks for the Nation When Bashing Balls | Quentin Letts
Time for an Alliance | Dan Hannan
Farage’s Plan | ConservativeHome
Guardian Open News is a Failure | Heather Brooke
Balls Calls for Deeper Cuts | Speccie
Lessons from the Thirties | CPS
PMQs Idiots | Harry Cole
Jon Cruddas is Not the Messiah | Dan Hodges
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Lord Lamont told ITV News…
“I think the PM is just human and Ed Balls is a pretty irritating person”
http://www.aldi.co.uk
Stock up now
Lidl for the more discerning shopper.
me an me kidz prefur asda. wen we get awt of bed at 2pm we goe there 2 spend awer benefit muhnee on sider. we lyke there sider.
Dr. Gordon, I’m writing to you, to inform you of the reason for inflation exceeding its target for the last quarter. You fucked up the economy you incompetent fuck wit, fucked, completely and utterly fucked it. Please keep this letter and open it again in 3 months time, I was about to add and in 6, 9, 12 month’s time but then I remembered.
Your’e Fired
OTOH Jock you’re hired as a compositor on the Garunida.
Why would Mervyn King write such a letter, he’s been complicit in the fraud against savers, he’s been nothing more than a Gordon Brown arse licker, and that’s why Gordon wanted Mervyn as the replacement to Steady Eddie.
Invest in Oil because Oil never goes down
….*crash* POP!
Invest in property because property never goes down
….*crash* POP!
Invest in Gold because Gold never goes down
….
“Every lidl helps”
For every inflation, there’s a deflation
http://www.birminghampost.net/birmingham-business/birmingham-business-news/financial-business-news/2010/02/16/wrekin-ruby-finally-finds-a-buyer-for-just-8-000-65233-25845261/
If you dig into this story, there’s a bank associated with the valuation of this Ruby.
Wasn’t the bank effectively nationalised?
Are not the taxpayers therefore the rightful owners of the overvalued Gem?
Do we not deserve an explanation of why the Jewel has now been obtained at a bargain price?
And conveyanced by whom?
Ahahh, OGC firm!
Our new era of INflation is therefore the consequence of banks overvaluing not just homes and associated mortgages and loans, but the phony value (Wrekin Ruby) of construction firms’ listed assets which kept the pot boiling for as long as did.
Games’s up lads!
The game is not over till the fat man sings
Has anyone heard El Gordo sing?
Go Compare – Go Compare
I can do anything, it’s the right thing to do
Don’t forget your shotgun OH. It’s no good having beans if you can’t defend them.
Martial arts expert and weapons expert for hire. If the shit hits the fan, I’ll keep your stuff safe. Just make sure I can have a fair share of it!
Plenty of pigeons about, good bit of meat on ‘em, all they do is eat the farmers crops and shit all over the place, whenever I see one I get my gun and blow its fucking head off!
A bit off topic but several of my best journalists haven’t been at work lately. Anyone know where they are?
Try the Grampian Police – I hear they have a thing for detaining journalists
Update: Robert is travelling home today. The police have witheld his mobile phone, so we have no contact at the moment. We will speak to him when he gets home, and try to find out the full terms of his bail.
What we know so far:
His house was raided by a Grampian police officer, witnessed by Shropshire police. His computer, files and some personal effects, for example CDs were taken (why?).
His bail includes a gagging order, so we don’t know how much he will be able to say about what has happened to him.
His bail requires him to report to his local police station three times a week.
More later …
http://bastardoldholborn.blogspot.com/2008/12/let-revolution-begin.html
If MILLIONS of us were armed with a simple shotgun, burglary would plummet over night. Feral thugs would have to risk their very existences every time they decide to kick someone to death for objecting to them pissing up their car. The 646 shaved baboons in Gummint would think twice about treating the common man with such utter contempt. We would, in effect, become empowered.
I love my savings being quantitatively eased into oblivion, whilst the feckless chav bastard New Labour voters continue to live it up on 13 years of New Labour’s never-never.
What quantitative easing has done to the UK economy, a guide even a moron New Labour voter can understand.
No such thing as a double dip, it’s the same recession that we had before, halted in its tracks by Gordons huge splurge of spending and now with the underlying economy showing no material change it will continue a downward dive with no more money to be printed.
Inflation will accompany this dive and all Gordon has achieved is to give us the same recession but loaded us up with debt and a load of inflation in the form of asset bubbles.
Clever trick, but not so clever when interest rates start to rise.
AAA risk my bollocks. We have all seen AAA corporates take a dive when the top man mucks up viz Lloyds Bank and GEC, and Gordon has mucked up big time
Correct- I have enrolled for Greek language lessons, if I’m fucked like the Greeks I might as well be able to understand them
Lord Pendulum swings both ways – on economics I mean.
I abolished Tory boom and bust you cretinous ungrateful bastard!
Yes you did.
And now we have a Liebore boom and bust instead.
THIS is the problem in the UK, all the Bank Of England’s MPC have the same lack of intelligence as David Blanchflower, who talks in the video clip about the rigged 3.5% inflation figures released today….
New Labour HATE savers, the Bank Of England hate savers, they instead kiss up to borrowers. Without savers, the UK is up shit creek, and so it’s come to pass, with international investors running away from the UK, and UK savers moving their money abroad, or getting rid of the worthless paper money into non paper based, non printable assets like gold / silver.
It’s the Co-Op for me.
So th BoE printed £200bn out of thin air and all of a sudden inflation has picked up? Who would have thought?
AMAZING coincidence eh?
Now they have stopped (paused) the printing of all that money, the predictions are for deflation to return next year and last about 5 – 8 years!
But that’s not how the BBC are reporting it, and that’s what counts to the sheep voters.
The BBC are claiming that most the rise is because of the upping to 17.5% of VAT, no mention of quantitative easing. For what it’s worth, I’ve done another complaint to the BBC, but you know the answer yo the complaint before it’s even been sent.
Dear Mr Up sh1t creek
exactly
thank you
Actually – how do you complain to the BBC? They won’t accept my phone calls.
A nice dose of inflation is just what this government needs to bring down the size of the nation’s debt.
178 billion pounds? Should be nearly enough to buy Jacqui Smith another bath plug.
You misunderstood me. £178,000,000,000 is just what I’ve overspent by THIS year. The total debt is actually well North of £1 trillion. That’s:
£1,000,000,000,000.
Or, one million million pounds.
Ha ha ha ha ha!
Let’s put that amount into perspective.
It would take the Euromillions people 19,230 YEARS and nine months to pay 1 million pounds per WEEK to it’s winner of the Euromillions raffle to total one trillion pounds.
It has only been 2000 years since Jesus was a boy. Add another 17,220 years to that and you get a clearer perspective of how immense this Government’s debt really is.
Imagine that. paying out 1 million pounds per WEEK for 19,320 years!!!
Considering the actual debt is about 1.4 Trillion, you could pay out that million pounds per week for 19,320 years and you would still be 4,000,000,000 pounds owing!
Oh and none of that includes the compounding interest!
ere.how cum wer not all millin airs den
400,000,000,000 ponds owing.
well there is an awful lot of butt to plug there……
oopppss, sorry, mis-read your post………
…Well NONE OF US say that coming, did we?
* rolls eyes *
oops.. ‘Saw’ that coming, even
Three cheers for Mr Brown He will leave office maintaing the Labour party’s record of always leaving. debt, inflation and PSBR higher tha when they came in. I think he might just scrape the FTSE being lower and the Pound being a basket case. Put it all together and you have to hand it to the man!!
Brown is a bigger Twat than me he has FUBBed us all like a kipper
The Greek bailout will be expensive, but the UK bailout will be expensive and inflationary Pound smashing.
There will be no bailout. Just more printed money.
Unfortunately this will result in hyperinflation and a currency collapse.
Ha ha ha!
No bailout would mean that all bankster would fail, too. But, bankster never fail to get what they need, remember those are system-relevant – so don’t you worry!
There will be no bailout. We will just sell to Scotland to the highest bidder.
Dont mention Scotland again or I will arrest you!!
What do we do if we run out of printers ink?
Cant we buy some with our freshly printed funny money.
Massive debt, rising inflation, strike threast in the public sector, walkouts at power plants, crashing currency…
This all sounds very familiar. I can’t quite put my finger on it…
Like the 1970′s but without the manufacturing
Dont worry were at the heart of Europe now. Those nice people in Brussells will see us all right. Dont mention the war!
But with extra multi-culturalism, so there’s no common bond.
…or Mrs Thatcher, to save the day!
I sold my two gold rings and went short on a kebab portfolio.
TWO gold rings!
My, my…
only rich bastards like Guido can afford Heinz beans
Heinz=hype. For real quality, try Branston Baked Beans. More tomatoes, better beans.
AWESOMENESS IN A CAN!!!
Good advice given at the right time (ie I’m now famished) can usually work wonders.
I’m going to buy and try some this evening…I’ll be farting like a milkman’s horse by bed time!
More tea Matron?
Fuck off. Owned by Richard Branston. I prefer hand picked organic “haricot blanc” and my own sundried tomato tuscan sauce made with herbs from Polly Toynbees fertile garden
‘ Polly Toynbee`s fertile garden ‘. Not words you often hear in the same sentence.
I cry every time I see Polly on the tv
Thanks Gordon, I love beans.
One has to give kudos to the lying, hate filled, inadequate, bullying, smearing, brooding, grudge bearing, maladroit, blubbing, childish, mentally unstable, spendaholic Scotch wretch.
It does indeed require a special form of fiscal Kuu_untishness to have contrived a sharp rise in inflation, whilst the economy is either flat or still in recession.
This loony is an embarrassment to England, and all hard working, tax paying, law abiding English citizens.
Not at all. Those of us who remember 1975 expect nothing more from the New Hoon party.
It is a truism of British Politics that has been proven correct time and time again -
“All Labour Governments end in failure,chaos and bankruptcy”
Wooh, the number of postal votes will also show massive inflation, especially in the marginals!
Cameron should buy some postal-vote linkers, or the parliament will be hung. Well, sort of hanging i’ve been told.
Yeah, postal votes were way up in the marginals in 2005. I wonder why.
According to “Pravda”‘s webpage the price of carrots and DVDs has risen but the good news is that the price of women’s coats has fallen!!!
http://news.bbc.co.uk/1/hi/business/8517156.stm
Good, it’s awfully nippy out! Bloody global cooling! It is the first time that I can remember getting snow in December, most of January AND in February of the same winter.
Steady there, you’re heading for a dose of corrective re-education. Cold is Labours way of telling you its getting warmer!
Read the data. El Nino year and a shift in the jet stream. Weather isn’t climate.
If you think it isn’t hot you might like to look at the recent weather records for Australia.
Weather isn’t Climate? Well, Bullsh*t isn’t Horsesh*t, but something stinks!
The BBC doesn’t believe in inflation because the price of Columbian snow is falling.
Inflation needs to run at about 4% this will mean house prices will not drop just “stabilise” and government debt can be paid off.
Anybody that didn’t see this coming is a bloody fool. How sad is it that King has to write a letter!! Just like getting “lines” at school.
Will somebody get a bloody grip!!!
If we get wage inflation as well, this will also so be good. It means that savers, people on fixed income i.e. pensioners, will pay for this one almighty cock up. And mortgage holders, people with large amounts on credit cards will gain.
It is a bad idea to save or get old under this government… I wonder if Mr King will write that in his stupid letter?
His stupid letter will read:
I must keep inflation at 2%.
I must keep inflation at 2%.
I must keep inflation at 2%.
I must keep inflation at 2%.
I must keep inflation at 2%.
I must keep inflation at 2%.
I must keep inflation at 2%.
Until inflation is at 2%
Meanwhile…Gordon’s favoutite pet “economist” David ‘Danny’ Blanchflower hails the rocketing inflation figures as an economic gift
“However, former monetary policy committee member Professor David Blanchflower told the BBC that a spell of higher inflation would benefit the UK economy, suggesting that 4% would be a “pretty good starting point”.
“You would actually end up inflating some of the debt away, but also if we get into a position where house prices were to fall further we are going to have a large number of people in negative equity, and if you have a few years of inflation that actually will deal with that problem.”
“Higher inflation would help to keep interest rates low” he added.
Most of us have already lost interest in what Blanchflower has to say.
Inflation destroys value. David B is using the “Less is More” argument. Same sort of Economics as “The £ in your pocket will not be devalued.” We didn’t believe it then, why should we believe it now?
Am I being dim? Assume the BofE and govt really are engineering inflation intentionally – *why* then would UK debt look like a good buy? Why is anyone going to buy our gilts, if they figure they’ll never see a real-terms return?
Because there is no real money anyway, just imaginary paper stuff. Longer term thinking is practically prehistoric. It’s like playing “Find the Lady” in a free-falling lift, eventually the bottom arrives and you start a new game in a new Heaven with new paper.
Gilts are not a good buy, that’s why the banks are being forced to purchase them.
Get your money out of UK banks!
No need to worry about that I have no money left Labour have sorted that.
Agree though, bury your money somewhere or even better your gold then in 200 yrs when long after you have been murdered by a chav in your home someone will know you were once living during these sad times.
In your late 50s and thinking about Retirement ? well sell everything you own house etc buy gold and hide some cash. Now declare you have nothing and claim for everything you can such as rent etc while laughing at the suckers who have to slave away to pay for you.
I beg to differ (slightly) – people who own productive land are ALWAYS the winners because food always has a value. So buying gold is a hostage to fortune as you don’t control the price in any way.
Agriculture or aquaculture is difficult in the UK, of course, but that is where we are. My little retirement project is abroad.
we will eat your agri and then you
Because UK pension funds have to buy and foreigners will be compensated by a currency profit meaning they actually make a better return. As Interest rates move higher to counter Inflation, the pound will / should go up in theory.
As hot money comes in to take advantage of higher rates, so while bond holders not linked to inflation theoretically lose out, they are getting a higher coupon >Interest rate< so when all is done they actually benefit the only mug punters losing are British people who cannot escape lower wages and devalued savings.
Blanchflower said deflation would be a good thing too.
It seems whatever economic conditions exist, they are benign and good, so long as Labour are in power according to Blanchflower!
What a tit!
Economics, Climatology and futurology. All areas where real expertise are utterly irrelevant to the uttering of the alleged experts!
Blanchflower is the idiots idiot.
Blanchflower = the national village idiot.
“a lecturer in idiocy at the University of East Anglia”
Now working in the CRU?
He is the peoples idiot. find him a plinth!
Scroll down to the start of the education section on Blanchflower’s wikipedia page:
http://en.wikipedia.org/wiki/David_Blanchflower
“Widely regarded as a dangerous idiot” pretty much says it all.
It would be hoontentious to assume that any of these hoons could organize a hoon-up in a hoonery anywhere.
There, now I’ve said it.
Higher inflation would keep interest rates low????????
Now, I’ve never had a economics lesson in my life. But have been in the finance industry (sorry!) practically all my life so understand a little bit. I would expect a statement like this from my 10 year old, not a ‘professor of economics’.
Absolutely, fucking unbelievable!
Government can’t do pro-growth policies.
It can only minimise it’s economic shrinkage policies.
Want economic growth? Tax rent-seeking government created monopolies (land (not the property on it) and IP) and ditch the taxes on Incomes, investments and spending.
Ha ha, this is good, I am making money on my debt because my mortgage is getting inflated away to nothing, if this keeps up I will soon be able to pay the bank with Browns used banana skins!
Inflation is only good to inflate away debt IF your income keeps pace with inflation.
If you are working in the private sector at the moment, then the chances are your personal expenditure inflation is now again ahead of the headline rate inflation, but your income inflation is lagging behind inflation, or is even in a state of steady deflation.
Thus your debts and income are not keeping pace with inflation. If your debt is a variable loan or a credit card, then the interest upon that debt is currently rocketing ahead of inflation, increasing your debts in relation to your income.
When you think about how much of a naturally interventionist government we have, why the hell have they NOT intervened to prevent domestic energy prices, or credit card and loan interest rates from exploding?
When base rates are 1/2 of 1%, how the hell can the credit card companies explain INCREASING their rates to an average of 18%? Thieving bastards!
Labour do not give a fuck about the poor!
Labour nearly destoyed this country in the 70s with inflation and by B***ery they are going to do it again. Keep it dark dont tell anyone.
Was John Major such a bad guy that most people thought we had to get rid of him?
I’d have him batting on my team.
He was pro-EU, Maggie was all about keeping it un-federal!
Hooray! Ring the bells. String the bunting. I’ve just been informed that my state pension has been increased by Two Pounds and Four rotten bloody f*cken Pence per week. My cup is full and runneth f*cken over.
Nip out and treat yourself to a half of mild.
This will only work if you get wage inflation as well. What will happen if you don’t get wage inflation?
All the things you buy will be more expensive, and you still have to buy those and pay the debt with your existing monies.
Alistair Darling is quite happy that inflation & Credit Card rates are high, as it is part of their drive to cut debt, private ans state. High inflation will be blamed on the Tory party after they win the next election, they have also put a poison pill into the unemployment statistics ensuring the unemployment rate ratchets up to above 3 million. This is pure dirty politics so they can grab back some voters who will never understand the new government is fire- fighting Labours suicidal self- inflicted bush fires. If Labour do win the election they will spin it that only Gordon can stop the problems we face and a little pain now will be good in the long run.
Putting your money back under your control a dash for cash.
Stop using, Debit cards, direct debits and standing orders. Draw your wages out immediately. Use cash to make all payments you are required to do. When paying with cash, ask for discounts in shops and when paying utilities, they charges you to pay them BT being the biggest culprit. Haggle.
Going back to a cash society will kill the banks power over us; it also stops the government from monitoring our every move. Germany is still very much a cash society and they are strong, so while the above may be a little time consuming taking the power back and your money now under your control you will manage it unbelievably well.
Unless the government give all Taxpayers a share certificate, in the banks, so we can sell or hold and enjoy the profits the banks make keep them at arms length.
Like Gordon Brown it is going to get ugly out there, the hoon.
Brown’s legacy = stagflation.
http://en.wikipedia.org/wiki/Stagflation
Supermarket cartel and their massive buying powers -v- Lidl & Aldi = suspect monoply -v- fierce competition, posing the question which party will outlaw monopolies???
This will feed through to a massive increase in Government spending as so many benefits are inflation linked. Where the F*** is the money going to come from!!!
Borrowing more and burdening our children and grand children with unsustainable debt.
And who is going to want to lend any more to these shysters? We are in S*** CREEK. Falling real incomes, Higher taxes, reducing public services and higher interest rates to follow. Have the public begun to wake up to this yet?
No, they haven’t.
Because of silly distractions like Browns tears of a clown. And ‘Tory Toffs’. Plus god knows how many other pointless, ephemeral, non-stories that distract the stupid electorate.
Does anybody want to organise a demonstration and demand a general election because every govt. prediction has been totally wrong?
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Ernest Hemingway
Patriotism is the last refuge of a scoundrel.
- Samuel Johnson
This needs bringing up to date. I would say multiculturalism is now the last refuge of scoundrels.
Yeah and then he shot himself so he must have seen something even worse coming around the corner!
I meant Hemmingway not the good Doctor.
Mind you, NE, the good Doctor did have a number of dramatic attempts (accidental) at blowing himself up with some of the chemistry experiments he used to carry out in his idle moments at Gough Square.
Guido, you’ve been banging on about inflation for some time now. Any chance you want to make some predictions about how high it’s going to go and for how long so that we can all laugh at you when it turns out that the 3.5% was caused by the VAT increase and it goes straight back down again?
I wish your prediction was going to be right, but I fear not.
It depends on what the government does, and they aren’t spending their own money.
Who knows what will happen. As Jonah is in charge, expect the worst.
Inflation is a function of money. Rises in the general price level are a result of inflation, not its cause. If we print shed loads of FIAT money with no corresponding increase in wealth we just reduce the value of each Pound.
So, how much QE have we had. How loose has the money supply control been between ’97 and now?
I am not clever or informed enough to make a calculation but I bet someone is.
My feeling is that the rise in the general price level will be about 5%. It should be more, but it will be kept down by the collapse of the GDP.
(Jeez, on re-reading it that’s a boring post. Sod it. Stick it up anyway and wait for the trolls to start on me – hopefully).
No longer do we have a general rise in prices as the consequence of increased money supply, because of the influence of cheap Chinese goods. Now we have bubbles.
Unfortunately the Bof E have not yet cottoned on
Surely Lola “the function of money” is to buy drink. What else could it be for?
Just tapped my barometer and the needle is now pointing at TEMPEST STORM.
Is this an omen?
Not Good. I am not convinced this is short term either. Is a pattern emerging? Yoyo Inflation?
Sounds like a good name for a band ” Yo Yo inflation” Not as good as Taliban Techno!! though. Mind you I often listen to the Kaiser Chiefs
Leading supermarkerts have tremendous buying power while Aldi & Lidl are small yet price comparisions show leading supermarkets arte higher than Aldi & Lidl posing a number of questions?
Lidl make a reasonable profit whilst Tesco make a killing.
Also their lorries move at good pace,whilst Tesco Lorries at constant 38mph hold up huge convoys of irate motorists – The main reason I refuse to go to Tesco anymore
My Dear Paul Lehmans, do you have any idea of how wrong you are? A little research (try http://de.wikipedia.org/wiki/Lidl if you can read German, it`s much more informative than the English entry) will soon show you that Lidl is anything but small, in fact, the so-called “leading” supermarkets in UK are almost certainly the small guys! As I know more about Lidl let`s stay with them and just say Aldi is much the same.
Lidl is much more than just a bog-normal German discounter operating in the UK. Just a few basic facts and figures:
Lidl also trades under the names Kaufland, Handelshof and Kaufmarkt (as far as I know, they are not yet in the UK), these shops are more akin to the superstore type of Asda that I knew over there in the 70`s;
Altogether, Lidl has more than 8,000 outlets in 22 countries employing in excess of 170,000 people (only some 50,000 in Germany!);
Turnover in 2008 – around € 58,000,000,000 (Billion?)
I am given to understand that they have also recently expanded into Canada!
I do quite a lot of translation work for Lidl. Very often, the operating instructions for the Chinese-made gadgies they flog will have been translated into 16 languages. How many translations do Tesco and the rest do for their Chinky widgets? Are they likely to acquire them on better terms than Lidl do?
As you intimate, it all comes down to the buying-in price when trying to turn a profit on sales – what did the Tesco founder (Cohen?) once say; “Pile it high, sell it cheap”? Lidl & Tesco decide it`s time to stock up on staples (corned beef, tinned peaches, coffee etc) in the warehouses. These days, correct me if I`m wrong, and apart from a brief loss-making adventure into the US, Tesco operate only in the UK.
So, the cornered-beef manufacturing gaucho is sat on a fence in Argentina waiting for the Lidl & Tesco buyers to turn up. Who is he going to be most pleased to see? The guy buying for a few hundred stores in the one country, or the one buying for several thousand stores spread across a continent? Is it conceivable that the lower price obtained for the German stores will also be passed on to shoppers in UK – thus making Lidl cheaper than Tesco?
That just might answer some of the many questions as to why the UK is so expensive.
COMPARE THE MARKET DOT COM = PRICES
“Dear Chancellor
You and your predecessor at the Treasury have so totally fucked up the economy, despite very explicit warnings from others and myself, as well as giving me instructions to use money printing and entirely false interest rates to save your useless arses, that yet again I am forced to write to you about ‘inflation’.
In fact all your policies, from the moment you were elected in 1997, have been inflationary. You have deliberately run loose fiscal and monetary policies, which combined with ludicrously lax banking capital requirements have driven the money supply to such a level that price rises were inevitable as these policies are always destructive of the value of each individual Pound Sterling.
So, no, I am not going to apologise. I am going to make a recommendation. It comes in two parts.
Part 1. Fuck off
Part 2. …and die.
Love
Mervyn.”
Well, one can dream.
What a terrible thing to happen? What’s going to happen to our debt now, with inflation at this level? Oh, wait a minute, it’ll shrink…
Fucking moron – Savers will take the hit for it i.e. the only people in the economy who have been thrifty and self reliant are now getting shafted to bail out the incompetent prat in No. 10 who caused all this.Labour detest savers and prefers to spend their money on wasters – what a fcuking car crash this country is in.
Now, remind me, was inflation higher or lower under the last government?
Now remind me was your F***ING salary increase lower or higher under the last Government. You and your kind, the public sector workers, have raped this country. Not the bankers, not people on benefits, its the rampant increase in the number and salaries of public sector workers that have caused this debt.
Well, I drink a lot more Champagne on expenses than I used to, and thank you so much for paying for it.
Typical civil servant, couldn’t give a toss about anyone else. What about those who are not indebted and have savings, moron?
They could consider lending money through zopa.com. You do realise that the previous administration presided over much, much higher inflation, don’t you?
Inflation, deflation… It’s enough to make one wish one’s Prime Minister hadn’t sold all that gold at its record low price, isn’t it? That’d give a bit more stability, wouldn’t you say?
The Hunt abolished boom and bust, or at least half of it.
What’s the problem? The bankers are raking it in once again, cushioned by the knowledge that we will always bail them out if they go wrong. Such is the madness of our world.
[...] in Economics. Tagged: deflation, Economics, Guido Fawkes, Inflation. Leave a Comment Guido is SO confused on this one. Because he seems not to understand how annual inflation figures are created, he presents the [...]
Bust & Bust
That’s what is says on my bra label.
Don’t change your lifestyle, change your government…
Average inflation under Labour has been 1.8%. Can anyone remind me what it was under the Tories?
House price inflation or stock market inflation?
You’re always better off under a Tory
Nicholas Soames?
At least he likes girls unlike your lot who like boys
Your lack of self-awareness at your own latent homosexuality is very droll.
As you might expect, I have no problem with anyone being gay, but I have it on good authority a large proportion Tory MPs are either gay, into citrus fruit and gags, or attracted to livestock.
And I have it on good authority that soon a large number of Tory MPs will be openly gay – more, in fact than Labour:
http://conservativehome.blogs.com/goldlist/2009/10/there-are-twenty-
to-thirty-openly-gay-and-lesbian-tories-in-winnable-seats-says-iain-dale.html
You know full well that in ’79 it was starting to rise and the Tories would have to fix it. It will be the same this year.
It’s like buying a house with a hole in the roof and blaming the new owners for the leak before they’ve moved in.
The Conservatives always end up fixing Labours f*ck ups – don’t try and use their corrective policies as some kind of stick to beat them with.
CS – how old are you, 6?
Why, are you looking for someone to groom?
More ZaNu shite
And soon to be ex-civil servant
No matter who wins the election
I bought silver when it was 2 quid an oz
I’ve just been to a Government building. I watched as most of the Civil Servants were going home at 3.15 p.m. No doubt they will all be voting for Gordon. Roll on May and we can clear em all out.
B-b-b-but M-m-m-mr speaker, they were wrong on the economy, do nothing Tories, fields of Eton, I saved the world, airbrushed photos, my dead child, boo-hoo, etc, etc, etc.
There, no need to listen to PMQs tomorrow now…
Job opening at the ECB
we are seeking an experienced banker to take over the ECB as president for the coming period, salary and bonus to be arranged.
I require applicants to be members of the euro-zone, also members of the schengen agreement, not scottish, also not converted catholics with recent irish passport applications, neither do we accept pound sterling bribes, so Mr. Brown & Mr. Blair creep back into your ponds and take all your minions with you
So this was wrong, then? Oh.
Hmm links are buggered. Anyway I meant this: http://www.thesun.co.uk/sol/homepage/news/money/article1942465.ece
$
%
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GHEEDOH
BUYING GHOLD MEANSZ SELLING STOQKSZ AND SHAIRSZ
A GHOLD RUSH = A MARKIT KR#
TOP BUOY IN THE SHITTAE OF LUN DUN SAYS BUY BEAN STORKS
HEINZ BEANSZ ARE AMERRYKANZ IN AMERRYKANS
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ASTA
Lol, you right-wingers aren’t a particularly bright bunch are you….
http://freethinkingeconomist.com/2010/02/16/ive-been-waiting-for-this-inflation/
Yeah, all we know is that we’re totally fucked, you idiot, no matter what pretty graphs you put up.
What a wanker.
[...] is SO confused on the latest inflation figures. Because he seems not to understand how annual inflation figures are [...]