Mugabenomics: Inflation in UK Higher than in Zimbabwe

Remember when Vince Cable warned that Quantitative Easing (QE) was “Mugabenomics”? Vince flip-flopped on that even before he joined the coalition. Guido remembers when George Osborne said “Printing money is the last resort of desperate governments when all other policies have failed.” In government Osborne has overseen the printing of more money than any other Chancellor in British history. A quarter of the national debt – all this government’s overspending – has been bought by the Bank of England via QE. Guido warned against this madness in 2008…

So it is not a shock that inflation in Zimbabwe (3.63%) is now lower than inflation in the UK (3.66%, August 2011-July 2012). Gold is good.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Alan Sugar on Jeremy Corbyn:

“It’s clear you alluded to students refunds to get votes from young impressionable people. You are a cheat and should resign.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Exclusive: New Government Appointments in Full Exclusive: New Government Appointments in Full
Corbyn Deletes Another Wrong Tweet Corbyn Deletes Another Wrong Tweet
Everything is Awesome for Manufacturing Everything is Awesome for Manufacturing
HMT Predictions Way Off HMT Predictions Way Off
#DespiteBrexit: A Classic of the Genre #DespiteBrexit: A Classic of the Genre
Hat-Trick of Brexit Good News Hat-Trick of Brexit Good News
Guido’s Student Debt Story on Standard Front Page Guido’s Student Debt Story on Standard Front Page
Watch: Shadow Minister Makes Student Debt Promise Watch: Shadow Minister Makes Student Debt Promise
IPSO Throws Out Baroness Scotland Complaints IPSO Throws Out Baroness Scotland Complaints
100% Inheritance Tax: Stupid or Evil? 100% Inheritance Tax: Stupid or Evil?
Paul Mason’s Play in 60 Seconds Paul Mason’s Play in 60 Seconds
Sunday Shows Sunday Shows
City Confident as Hiring Rates Rocket City Confident as Hiring Rates Rocket
Watch: Best Maiden Speech of 2017 Intake Watch: Best Maiden Speech of 2017 Intake
Child Protection Investigation ‘Stalled to Help Labour’ Child Protection Investigation ‘Stalled to Help Labour’
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
BBC #NotOnTheList Stars Paid Via Production Companies BBC #NotOnTheList Stars Paid Via Production Companies
Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket” Pants-Wearing Councillor Boasted He Had “Vaz in My Right Pocket”
Champion: ‘Not Possible’ to Keep Student Debt Promise Champion: ‘Not Possible’ to Keep Student Debt Promise
BBC Rich List Revealed: Salaries In Full BBC Rich List Revealed: Salaries In Full