We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
CPI hits records at 5.2%
Comments
-
"The CPIY is the same as the all items CPI except that it excludes price changes which are directly due to changes in indirect taxation (such as VAT)."
So if you manipuate a bad number it makes everything OK does it? Bottom line is something which cost £1 is now costing £1.05 and a bit more, not £1.03 as unfortunately I can't pay a price less the VAT increase.
If you exclude all items which have increased in value the CPI is actually 0%!!
It will give an indication of what the underlying inflation is when the VAT increase etc drop out.0 -
-
Graham_Devon wrote: »Only problem being, todays inflation is already banked in.
No point in ignoring that fact.
Oh here we go again, bad night?
Never ignored it,Like the poster said you cant as you pay it!!!!
All I said it gives us indication of what underlying Inflation is.
I for one like to have some idea what inflation will look like from Jan etc. You can't ignore that either as it is also a fact.
So before you go off on one, all I am saying it is good to know underlying inflation, it is over target at the moment so we will have some idea of what we will be looking at the start of next year if things don't change drasticaly.0 -
what fact?Graham_Devon wrote: »Only problem being, todays inflation is already banked in.
No point in ignoring that fact.
are you trying to say that because the extra 2.5% VAT has added to the inflation figure, that the price of goods can never drop by that 2.5% even when VAT drops back to 17.5% ?0 -
what fact?
are you trying to say that because the extra 2.5% VAT has added to the inflation figure, that the price of goods can never drop by that 2.5% even when VAT drops back to 17.5% ?
Are there plans to drop VAT?
Are there plans to reduce prices by the extra 4% they have increased by?
If not, then the price rises over the last year are locked in, and will continue to increase by inflation next year.0 -
eventually...hopefully... when George has dealt with the deficit...
Dream on.
GO will never deal with the defecit he will package it differently if he is given more time.
The EU and our soft governments are looking at extending the scope of VAT so more things are captured too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Deficit reduction measures have to be permanent. If you reverse them, you get the deficit straight back again.eventually...hopefully... when George has dealt with the deficit..."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Our standard of living has been "permanently" reduced. Never mind the money churning and 50 percent of the country's GDP being put through the churning machine, that is being cut back in numbers on the public payroll and its private finance initiatives BUT we are paying the savings to foreigners in interest on the balooning debt.
Turning to the other half of the economy, that is in a mess. We no longer are able to pump surplus black gold out of the North Sea and the terms of trade have turned against us.
Well a miracle could happen, the natural genius and shear hard graft of our population, plus consumers who get savy value for every penny spent, might start turning out a surplus of goods that the foreigners with the money really want to buy.
The constant pressure of demand from mainly Asian population growth might ease off fast.
Don't hold your breath.
Expect a permanent reduction in your prospects of affluence - the party is over.
The present political shenanigans, has changed from buying votes to trying to avoid riots on the streets; it is all about who gets to pick up the tab for falling real income.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards