stevewinn Posted February 19 #1 Share Posted February 19 (edited) UK inflation hit a 10-month high in January, reaching 3% and up from 2.5% on December, according to official figures from the Office for National Statistics (ONS). That was above analyst expectations for 2.8%. The higher-than-expected rise is likely to dampen hopes of a speeding up of interest rate cuts by the Bank of England. https://uk.finance.yahoo.com/news/uk-inflation-sees-further-spike-094230269.html Why am i seeing headlines this morning saying inflation rises surprisingly. or unexpectedly. We on here predicted what was going to happen only two weeks ago, when the bank of England cut interest rates. Its no surprise in light of Labours Budget. The Bank of England who is meant to be independent, cut interest rates last week to try and save the Labour Govt. I mentioned on this forum. We cut interest rates to control inflation, (lower inflation) and yet inflation was on the rise, but still the Bank of England cut interest rates to try and boost economic growth because of the consequences of Labour policy, we now find ourselves in Labour's Economic death loop. Economic growth stalling, Inflation rising. the Bank of England is now caught between two stools. - a situation of its own making. The Bank of England should have concentrated on controlling Inflation. and left economic growth to the Labour Govt and its policies to provide the stimulus. the BoE needs to put interest rates at 5% and leave them there. bring long term stability, and inflation will go down and then its up to the Labour Govt to stimulate economic growth through their policies. but clearly the BoE doesn’t have confidence in the Govt economic polices. Edited February 19 by stevewinn Link to comment Share on other sites More sharing options...
Gromdor Posted February 19 #2 Share Posted February 19 More tariffs? Link to comment Share on other sites More sharing options...
Duke Wellington Posted February 19 #3 Share Posted February 19 9 hours ago, stevewinn said: UK inflation hit a 10-month high in January, reaching 3% and up from 2.5% on December, according to official figures from the Office for National Statistics (ONS). That was above analyst expectations for 2.8%. The higher-than-expected rise is likely to dampen hopes of a speeding up of interest rate cuts by the Bank of England. https://uk.finance.yahoo.com/news/uk-inflation-sees-further-spike-094230269.html Why am i seeing headlines this morning saying inflation rises surprisingly. or unexpectedly. We on here predicted what was going to happen only two weeks ago, when the bank of England cut interest rates. Its no surprise in light of Labours Budget. The Bank of England who is meant to be independent, cut interest rates last week to try and save the Labour Govt. I mentioned on this forum. We cut interest rates to control inflation, (lower inflation) and yet inflation was on the rise, but still the Bank of England cut interest rates to try and boost economic growth because of the consequences of Labour policy, we now find ourselves in Labour's Economic death loop. Economic growth stalling, Inflation rising. the Bank of England is now caught between two stools. - a situation of its own making. The Bank of England should have concentrated on controlling Inflation. and left economic growth to the Labour Govt and its policies to provide the stimulus. the BoE needs to put interest rates at 5% and leave them there. bring long term stability, and inflation will go down and then its up to the Labour Govt to stimulate economic growth through their policies. but clearly the BoE doesn’t have confidence in the Govt economic polices. Wages are up (due to state employees getting a pay rise), interest rates our down but inflation is up, we are hovering around 0% economic growth (thanks to those interest rates) and unemployment has been creeping up ever since Labour got in. The only way to create the illusion of economic growth left is to raid pensions, and put that money into spending. Well done Labour! The working class and pensioners are coming for you! As are all those Brits dismayed at the inverted ethnic cleansing! 1 Link to comment Share on other sites More sharing options...
Setton Posted February 19 #4 Share Posted February 19 3 hours ago, Duke Wellington said: unemployment has been creeping up ever since Labour got in. I have to ask - is this part of the new disinformation playbook? Just make up enough **** and hope no one is watching? From the ONS: Link to comment Share on other sites More sharing options...
Setton Posted February 19 #5 Share Posted February 19 3 hours ago, Duke Wellington said: the inverted ethnic cleansing! For anyone else reading this, just in case you're wondering what kind of person this poster is: Quote The white genocide, white extinction,[1] or white replacement conspiracy theory[2][3][4] is a white nationalist[5][6][7] conspiracy theory that claims there is a deliberate plot (often blamed on Jews[5][8]) to cause the extinction of white people through forced assimilation,[9] mass immigration, or violent genocide. https://en.m.wikipedia.org/wiki/White_genocide_conspiracy_theory And: Quote White nationalism is sometimes described as a euphemism for, or subset of, white supremacism https://en.m.wikipedia.org/wiki/White_nationalism Link to comment Share on other sites More sharing options...
Duke Wellington Posted February 20 #6 Share Posted February 20 8 hours ago, Setton said: I have to ask - is this part of the new disinformation playbook? Just make up enough **** and hope no one is watching? From the ONS: Unemployment - Office for National Statistics Link to comment Share on other sites More sharing options...
Setton Posted February 20 #7 Share Posted February 20 8 minutes ago, Duke Wellington said: Unemployment - Office for National Statistics That's the same graph, just over a longer period. It doesn't support your claim. Link to comment Share on other sites More sharing options...
Duke Wellington Posted February 20 #8 Share Posted February 20 (edited) 3 minutes ago, Setton said: That's the same graph, just over a longer period. It doesn't support your claim. Your graph has an upward trend, you just stretched out your data points to flatten it. Edited February 20 by Duke Wellington Link to comment Share on other sites More sharing options...
Setton Posted February 20 #9 Share Posted February 20 Just now, Duke Wellington said: You graph has an upward trend, you just stretched yours out to flatten it. My graph shows one year before the election up to the present, which I judged to be a relevant sample period, not the 53 years you chose. If the graph of the relevant period doesn't show an upward trend, that's the result of your false claim, nothing else. Link to comment Share on other sites More sharing options...
stevewinn Posted February 20 Author #10 Share Posted February 20 2 hours ago, Duke Wellington said: Your graph has an upward trend, you just stretched out your data points to flatten it. You stated unemployment is creeping up since Labour was elected. I've looked at the figures. - you are correct. Labour was elected 4th July 2024. Unemployment rate 4.1%. Unemployment rate today 4.4%. Unemployment Women. Unemployment Male. Unemployment. 16 to 64. 1 Link to comment Share on other sites More sharing options...
stevewinn Posted February 21 Author #11 Share Posted February 21 Labour's budget is the gift that keeps on giving, and this is happening before the budget really kicks in, in April. - don’t forget we've got 5% energy increase coming in April too. council tax going up 5%, water rates up 7% - Tax receipts have fallen short, borrowing increasing. No money, for us, but plenty for the Ukraine war, Foreign Aid, Chagos Islands, climate change in Africa, etc... I said Rachel from accounts will be back in the spring. more taxes for less. UK businesses cutting jobs at fastest rate since 2020 UK businesses have been slashing jobs at the fastest rate in more than four years, with upcoming Budget cost rises “intensifying” the pace of cuts, a new survey has revealed. https://uk.finance.yahoo.com/news/uk-businesses-cutting-jobs-fastest-105424542.html Pressure on Rachel Reeves grows as tax receipts disappoint Tax receipts rose at a slower pace than expected in January, new figures show, in a sign that the poor performance of the economy could have damaging fiscal consequences. According to figures from the Office for National Statistics (ONS), the government recorded a monthly surplus of £15.4bn, meaning it received more in taxes than it spent. But this fell short of the £20.5bn surplus anticipated by experts at the Office for Budget Responsibility (OBR). “The undershoot was largely driven by disappointing tax receipts, which were £4.6bn below the OBR’s forecast, reflecting the recent weakness of the economy,” Alex Kerr, UK economist at Capital Economics said. However, in the financial year to date, borrowing hit £118.2bn, which was nearly £13bn more than the OBR forecast in October and the fourth highest at this point in the year since records began. https://uk.finance.yahoo.com/news/pressure-rachel-reeves-grows-tax-084249177.html Link to comment Share on other sites More sharing options...
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