UK Inflation Rate

A_Medium_Size_Jock

gfplux wrote: »

Political uncertainty.......like Brexit!!!

Couldn't resist, please forgive me.

No.

Brexit has been known for a year and has been largely factored-in, many say.
Which may go some way towards explaining the FTSE100's record highs, FTSE250 highs, and the mild rise in the GB£/US$ exchange rate which as said earlier hovers now around 1.30

ruperts

Conrad wrote: »

Just another silly Remain scare story. Where was their concern just a few years ago when inflation was higher?

Everywhere. Ed Miliband ran an entire election campaign on a 'cost of living crisis' which was based on inflation being higher than wages.

A_Medium_Size_Jock

ruperts wrote: »

Everywhere. Ed Miliband ran an entire election campaign on a 'cost of living crisis' which was based on inflation being higher than wages.

Hhmmmm.
Tell us how well that went for him and his party, please?

Thrugelmir

ruperts wrote: »

Everywhere. Ed Miliband ran an entire election campaign on a 'cost of living crisis' which was based on inflation being higher than wages.

That's nothing new. Technology has seen to that. The solution requires some blue sky thinking and imagination. Something Ed and his team were sadly lacking.

BobQ

ruperts wrote: »

Everywhere. Ed Miliband ran an entire election campaign on a 'cost of living crisis' which was based on inflation being higher than wages.

Inflation is rising higher than wages

ruperts

A_Medium_Size_Jock wrote: »

Hhmmmm.
Tell us how well that went for him and his party, please?

Not very well but I can't see how that's relevant to the point being made. The other poster claimed that concern about inflation being higher than wages is something 'remainers' have recently made up, the example I gave demonstrates that he is wrong.

Miliband was right though, as it happens. We have the worst record on real wages in the developed world over the last ten years, which is surely something of a crisis? Sadly the Tories have done a good job convincing people that public finances work exactly like their bank accounts, and that having the worst record in the comparable world on wages doesn't matter as long as they're eradicating the deficit. They haven't eradicated the deficit of course, and probably never will without printing money, which they could have just done in the first place. It has been all pain no gain for the middle 80%. But on the plus side CEO pay is up by double digits again, so at least they won't all leave the country, thank god.

Thrugelmir

ruperts wrote: »

Sadly the Tories have done a good job convincing people that public finances work exactly like their bank accounts, and that having the worst record in the comparable world on wages doesn't matter as long as they're eradicating the deficit.

Are you referring to remuneration in the public sector or wages generally? Unfortunately the budget deficit has to be addressed. When someone comes up with a viable alternative to reducing it other than applying a squeeze then they'll be many interested parties. Simply blaming the Tories isn't the answer. Any other party in power would have some challenging decisions to make.

ruperts

Thrugelmir wrote: »

Are you referring to remuneration in the public sector or wages generally? Unfortunately the budget deficit has to be addressed. When someone comes up with a viable alternative to reducing it other than applying a squeeze then they'll be many interested parties. Simply blaming the Tories isn't the answer. Any other party in power would have some challenging decisions to make.

Yes us ordinary folk need to get used to doing more for less and have services cut in order to eradicate a £50bn deficit but when the banks needed over £1trillion the money was made instantly available.

Thrugelmir

ruperts wrote: »

but when the banks needed over £1trillion the money was made instantly available.

The money wasn't provided "free". If the banking system had collapsed so would the UK economy. Blame Mr Brown for his light touch regulation policy and having his banker mates round at no 11 for dinner all the time.

A_Medium_Size_Jock

ruperts wrote: »

Not very well but I can't see how that's relevant to the point being made.

Relevance?
Well the original post which you replied to from Conrad asked "Where was their concern just a few years ago when inflation was higher?"

Your response, "Everywhere. Ed Miliband ran an entire election campaign on a 'cost of living crisis' which was based on inflation being higher than wages" clearly demonstrates that there was not in fact much concern since the campaign you mention was not successful, was it?

Regardless of personal belief of who is or was right or wrong regarding political details, Conrad was correct in his statement.
Because certainly not enough of the populace were concerned as evidenced in the failure of the campaign you mentioned to qualify your "everywhere" response as above.