When inflation comes down the tories try and take credit for it, I wonder what their response to this will be?
Rishi was keen to take the credit for bringing it down, I hope he’s just as keen to take the credit for it creeping back up!
Which the tories actually DO have direct control over through taxation.But tobacco and alcohol price rises have largely driven an unexpected increase instead, the ONS says.
I am an economist. We're not very good at forecasts! We're not even very good at measuring stuff. There's every chance that this figure could be revised down in the future by, say, 0.2%., showing that inflation has fallen. Too late - damage done. This has probably put the mockers on any interest rate cuts soon, which Sunak needs to avoid electoral disaster.Another month, another inflation ‘shock’ as experts see an unexpected rise in inflation.
As far as experts go is there a worse bunch than economists?
Often framed as "prices coming down"Ha-ha. The infuriating thing about this was the fact that almost every time this claim was made by the Tories in every interview I saw, or heard. Not one journalist or broadcaster picked them up on this blatant lie.