Tedious Inflation News

[beano500]

Does it really matter:

http://news.bbc.co.uk/1/hi/business/8517156.stm

when it's all lies, damn lies and statistics?

Apart from Merv the Swerve needing to get his quill pen out again, is it going to affect us much - compared to all the other woes?

[Puggit]

Well mortgage rates will soon be rocketing...

[RichardD]

beano500 said:

...is it going to affect us much - compared to all the other woes?

For a lot of people it will mean a lower standard of living as their incomes will be fixed as the cost of living increases...

[fido]

RichardD said:

beano500 said:

...is it going to affect us much - compared to all the other woes?

For a lot of people it will mean a lower standard of living as their incomes will be fixed as the cost of living increases...

For most people i reckon, though it becomes more of a critical factor when you're low income or a high proportion of your income is used to fund a variable-rate debt. Anyway, car servicing and gadgets seems to have stayed flat or dropped so i'm relatively comfy for now.

[beano500]

fido said:

RichardD said:

beano500 said:

...is it going to affect us much - compared to all the other woes?

For a lot of people it will mean a lower standard of living as their incomes will be fixed as the cost of living increases...

For most people i reckon, though it becomes more of a critical factor when you're low income or a high proportion of your income is used to fund a variable-rate debt. Anyway, car servicing and gadgets seems to have stayed flat or dropped so i'm relatively comfy for now.

Yes - I suppose I meant that given most people are clinging onto gainful employment by their last fingertips anyway, the £ exchange rate has shafted us all one way, VAT has just been put back to a rate that's now suspected to go north and another and the oil price has no bearing on the pump price.....


God, I can see why I am A G.O.M.!

[GTiR Al]

Gloat said:

Well, up here in Glasgow property has been booming and is showing no signs of slowing down, only last week, I was sipping champagne with myself following completing 49 sales following making about £2.6m flogging flats as holiday homes to you stinking Londoners.

There will be no crash, I tell ya.

Holiday homes.


In Glasgow.

Pull the other one, it's got bells on




Edit: Woah, holy disappearing post Batman!

Edited by GTiR Al on Tuesday 16th February 12:14

[Nick_F]

According to the BBC, Mr Blanchflower has suggested that higher inflation will help to keep interest rates low.

Eh?

Edited by Nick_F on Tuesday 16th February 15:46

[beano500]

Nick_F said:

According to the BBC, Mr Blanchflower has suggested that higher inflation will help to keep interest rates low.

Eh?

Eh, exactly! Are we going down the Rhodesian route then? It just needs someone to say "It won't affect the pound in your pocket"!

[Mclovin]

if they say 3.5% real inflation must be much more.....anyway looks like the savers are getting their trousers pulled down lol crap rates and high inflation, who would want money in sterling or property for that matter.....and in comes the robin hoodie brownturd tax to stop savers trying to find a better place for their savings....