Wednesday, January 19, 2011

Inflation higher in UK

The reports over the past couple of days astound me.
They indicate that inflation is higher than expected.
Are the Economists stupid or what????

Let's see.
Electric up by 6-13%
Gas up 6-13%
VAT up 2.5%
Petrol up up
Public Transport up 6-13%
Local Government taxes up 6-13%

Is it me or can I see a trend here???

Inflation is going up because the government is pushing it up.
The Bank of England are notorius for wanting rates higher at the flick of a switch.
Expect as I have been saying for months now that rates MUST go up towards 13%
but I think 8% is the first target.

Then the government will wonder why we will have stagflation!!!
Idiotic economic juveniles

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