UK inflation to plummet to fresh low

[Deleted User]

Cyberman60 wrote: »

Pension increases used to be based on RPI until about 3 years ago, but in order to save cash (thanks to Labour's annual deficit) the government designated the usually lower CPI on which pension increases should be based in the future. Thankfully, my pension was guaranteed to be based on the higher RPI.

The side-effects of Labour's overspending are far-reaching and will be for there for decades. Still the ignorant idiots amongst us will continue to vote for them to borrow even more. :rotfl:

of course you aren't aware that the condem govt have borrowed more in 5 years than labour did in 13,you aren't are you?
the triple lock on state pensions is now plain wrong
but the real worry is negative inflation when people will put off buying as prices drop month after month
and we should remember that this rate of inflation is in no way thanks to this govt,mostly the opposite as they have created an atmosphere where discounters rule and the rest of the world is paying catch up by slashing prices e.g milk now as cheap as 30 years ago...go figure

Cyberman60

woodbine wrote: »

of course you aren't aware that the condem govt have borrowed more in 5 years than labour did in 13,you aren't are you?
the triple lock on state pensions is now plain wrong
but the real worry is negative inflation when people will put off buying as prices drop month after month
and we should remember that this rate of inflation is in no way thanks to this govt,mostly the opposite as they have created an atmosphere where discounters rule and the rest of the world is paying catch up by slashing prices e.g milk now as cheap as 30 years ago...go figure

(Text removed by MSE Forum Team)

The increase in National Debt is a natural consequence of Labour's annual deficit. For instance if Labour had retained power and not tackled the deficit they would have added at least 800 Billion to the National Debt (5 years times annual overspending of 160 Billion) as oppose to the Coalition's 600 Billion. Thus we are at least 200 Billion better off National Debt-wise under the Coalition due to the tough austerity measures. Got it ????? :rotfl:

Graham_Devon

Cyberman60 wrote: »

Thus we are at least 200 Billion better off National Debt-wise under the Coalition due to the tough austerity measures. Got it ????? :rotfl:

Silly way to look at things though.

I mean, take it to a personal level...

If I walk around Sainsburys and walk past a £400 TV without buying it, but add £50 worth of other goods, can I walk out of the store and congratulate myself on now being £350 better off?

Cyberman60

Graham_Devon wrote: »

Silly way to look at things though.

I mean, take it to a personal level...

If I walk around Sainsburys and walk past a £400 TV without buying it, but add £50 worth of other goods, can I walk out of the store and congratulate myself on now being £350 better off?

Your analogy is perverse... :rotfl:

There's nothing silly in increasing National Debt by far less than Labour would have done. 200 Billion is almost an entire year's welfare bill or two years NHS bill. Then of course there will be the interest saved on that extra debt that will not now have to be paid. Vote labour and expect economic catastrophe IMO via their additional borrowing, as saving or cutting spending is not something they do !!! :eek:

MABLE

I wish my own personal inflation was at zero.

Thrugelmir

Graham_Devon wrote: »

Silly way to look at things though.

Next fiscal year despite low interest rates. The UK will be spending more on debt interest than education.

Should we burden the next generations yet further?

Nothing silly in breaking this mythical illusion of inflating away debt.

antrobus

woodbine wrote: »

of course you aren't aware that the condem govt have borrowed more in 5 years than labour did in 13,you aren't are you?....

And you aren't aware that's because Labour abandoned ship leaving a humoungsly large deficit? Curious.

woodbine wrote: »

... the triple lock on state pensions is now plain wrong....

The ghost of Barbara Cartland will visit soon to put you right on that one.:)

woodbine wrote: »

..but the real worry is negative inflation when people will put off buying as prices drop month after month....

I think you real worry is that falling inflation means that real wages are now increasing, and so dear old Mr Bean can't go waffling on about the 'cost of living crisis' anymore.

woodbine wrote: »

...and we should remember that this rate of inflation is in no way thanks to this govt,....

Ah, right, so this low inflation rate that you believe to be a "real worry" is not the government's fault...

woodbine wrote: »

..mostly the opposite as they have created an atmosphere where discounters rule ...

... but now you're saying that it is? Please make your mind up.

woodbine wrote: »

..and the rest of the world is paying catch up by slashing prices e.g milk now as cheap as 30 years ago...go figure

And you're blaming them for 'slashing prices' across the rest of the world?

michaels

Deficit = deferred taxation, what is hard to understand?

Blacklight

Plummeted, by 0.3%.

Can't wait for the day the last ever newspaper is printed.

antrobus

Inflation has fallen to zero for the first time on record in Britain, boosting incomes in real terms and handing the chancellor a pre-election advantage.

http://www.theguardian.com/business/2015/mar/24/uk-inflation-hits-zero-for-the-first-time-on-record