one-million pound banknote

TruckerT

When you read of countries like Zimbabwe suffering massive inflation, it's usually associated with barrowloads of banknotes carrying absurdly high numbers of noughts, just so people can buy a loaf of bread - price rises and disposable income get carried away in a crazy game of leapfrog

Right now, in the UK, it is said that we have high 'inflation', but recently the humble fiver has become increasingly apparent, and when I break into a twenty, I start to count the days left until Friday

This is not 'inflation', it's just price rises way beyond income rises

TruckerT

bendix

Ummm. Ok. And your point is?

Running_Horse

TruckerT wrote: »

recently the humble fiver has become increasingly apparent

Didn't the government recently pressure banks to issue more fivers?

My local Tesco cash machine has started dispensing them.

bendix wrote: »

Ummm. Ok. And your point is?

I don't have a specific point either. Working long shifts with other blokes, sometimes it's nice just to throw out a subject for discussion and see what happens.

TruckerT

bendix wrote: »

Ummm. Ok. And your point is?

I guess my point is that the meaning of the inflation word has changed, but the tools to deal with it have not - the year-long-plus monthly debate about interest rate rises have simply been time-wasting red herrings, which have diverted attention from the need to control prices

At last, in the last couple of months, the MPC's entirely predictable decision not to increase interest rates has failed to make the headlines

Now they are talking about printing some more money, which seems to me to run the risk of starting the very inflationary spiral of prices and wages which has so far been avoided

TruckerT

Cleaver

TruckerT wrote: »

When you read of countries like Zimbabwe suffering massive inflation, it's usually associated with barrowloads of banknotes carrying absurdly high numbers of noughts, just so people can buy a loaf of bread - price rises and disposable income get carried away in a crazy game of leapfrog

Right now, in the UK, it is said that we have high 'inflation', but recently the humble fiver has become increasingly apparent, and when I break into a twenty, I start to count the days left until Friday

This is not 'inflation', it's just price rises way beyond income rises

TruckerT

I hope Generali comes back soon. I miss him.

TruckerT

The BoE continues to predict that annualised price rises will start to fall next year - it could do worse than concentrate its efforts into ensuring that their prediction is realised

TruckerT

MoreOn

doh, the one million pound bank note already exists, it's white

TruckerT

TheEnigma wrote: »

we have deflation now not inflation

o really? that's new...

does that mean prices are actually going down?

i don't wish to disagree with you, it's refreshing to find someone who does not toe the media line, but i reckon that we need to find a new word to describe the current relationship between prices and wages - i already suggested, on another thread, the word 'punctured'

TruckerT

TruckerT

MoreOn wrote: »

doh, the one million pound bank note already exists, it's white

what, you mean like those flags of surrender adorning the walls of the bankers boardrooms?

TruckerT

MoreOn

TruckerT wrote: »

what, you mean like those flags of surrender adorning the walls of the bankers boardrooms?

TruckerT

:T:T

If i recall only one banker..

purch

Now they are talking about printing some more money, which seems to me to run the risk of starting the very inflationary spiral of prices and wages

Just like the first tranche of QE did :eek:

The Purch