SmallTown
Well-known member
Yup. Brexitwombles really get angry with facts though. I should have knownregardless, it is a factually correct statement. Brexit will be a factor.
Yup. Brexitwombles really get angry with facts though. I should have knownregardless, it is a factually correct statement. Brexit will be a factor.
It's not just about the price of a pint though is it. The inflation rate is calculated using the cost of a basket of goods known as the Consumer Price Index that includes all sorts of goods and services such as food, transport, medicine etc. ,I've noticed since lockdown finished that my local boozers are more quiet than they were before Johnson & Co introduced us to Covid
So if it's about supply and demand the price of a pint should have fallen to create more demand.
Strangely enough that isn't the case. The opposite has happened.
Me and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.Bank of England pumping a few billion in here and there probably contributed.
2 percent isn't high though. Its the target.
I'm more concerned about the 10 percent that's gone on house prices over the same period. Lord knows what they expect the kids to do these days.
That's capitalism for youMe and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.
Me and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.
It’s year on year, we were in a pandemic last year tooeverywhere has been closed and weve all been stuck indoors for the best part of 18 month
United Kingdom Inflation Rate
Inflation Rate in the United Kingdom remained unchanged at 4 percent in January. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.tradingeconomics.com
That's they key. Low interest rates to boost the economy, borrow cheaply but high inflation is the best way to reduce national debt.There are a lot more price rises on the way. Commodity prices from production in China are yet to fully land.
Due to the pandemic, China stopped production of essentials in my world or work. So things like glues, solvents, computer chips etc. are in short supply.
So my kitchen business has seen 20% increases in glues, silicone, mdf which has resulted in my costs rising. These rises will be loaded to our prices in the next few months, as my margins cant absorb this payment shock. allied to this there has been a massive increase in people doing home improvements, so wood, cement etc are in short supply. Trades are very busy and there prices are rising as they have too much work.
Inflation is set to soar very soon.
In terms of economics the government need to keep interest rates very low, to be able to pay off the national debt, however an increase in inflation shrinks debt size.
Is it not based on carrots. . No ****. Thanks for putting me straight on that.everything’s gone up in lockdown. Wood, plaster, glass, electronics and even dogs. brexit also driven prices up and things are in high demand so prices have soared however it’s not “based on a bag of carrots” as Clive Road Stamper is trolling above. It’s based on, and has been for ages, a specific list of things as part of the process and that includes household bills, housing, education, shopping items, furniture etc so is very broad
Another one. I've got 3 cards here - want to play a guessing game ?Since the coalition government in 2010 the state pension has been linked to inflation. In fact it has a guarantee that each year, it will increase by the greatest of the:
- Average earnings
- Prices, as measured by the Consumer Prices Index (CPI)
- 2.5 per cent
The so called 'triple lock'.
Considering everything else they've taken out of the economy since the Second World War & foisted the cost & fall out of onto future generations, I think pensioners are sitting pretty for the duration of the rest of their lives.
But the tory party are good with money.I got rid of my house in 1990 when the mortgage interest rate went up to 15.85% and inflation was 9.5% [Good old Thatcher]
They're good at recycling it to their mates.But the tory party are good with money.
Aren't they?
Like I said; you were trolling.Is it not based on carrots. . No ****. Thanks for putting me straight on that.
Lighten up mate
No I was exaggerating ridiculously for effect. I didn't expect someone to take it literally but then again it seems you did.Like I said; you were trolling.