National News Rising inflation ‘posing a serious challenge to UK households’

Discussion in 'Economics and Finance' started by Aptrgangr, May 19, 2017.

  1. Aptrgangr nulla crux, nulla corona

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    National News
    Rising inflation ‘posing a serious challenge to UK households’


    Inflation hit its highest level in nearly four years last month as the Brexit-hit pound, electricity price hikes and rising air fares tightened the squeeze on consumer spending.

    The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measure of inflation rose to 2.7% in April, above economist predictions of 2.6%.

    CPI has not reached 2.7% since September 2013 and was last higher in July 2013 at 2.8%.

    It means inflation is now outstripping wage growth, which rose by 2.3% in the year to February.

    Kay Daniel Neufeld, economist at the Centre for Economics and Business Research (Cebr), said the jump in the cost of living poses “a serious challenge to UK households”. (...)

    http://www.dailyecho.co.uk/news/national/15288333.Inflation_hits_three_and_a_half_year_high/
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  2. Angroid CyberSperg 1138

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    If the talk around the office is to be taken seriously, there's a lot of speculation going on that Labour may actually win the fucking election, ie coming from a position where they were completely written off to snatching an unexpected win.

    If that happens.... the UK economy is going to tank for sure because the current mob are a bunch of hard left nutjobs.

    Unfortunately either way the voater is screwed. They're all a bunch of cunts. Under Labour, however, the parasites are going to drain whatever's left whilst the employed folks are going to get reamed hard.
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  3. WFHermans Forum Veteran

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    Not only in the UK. In 2016 the inflation of the debt dollar was higher than the growth of the US economy. With joose you lose, ALWAYS.

    The UK elections will be interesting. Labour is hated by the tribe, in the polls they were close to winning, then out of (((nowhere))) there was an (((islamic terror attack))) and the Cohenservatives are now likely to win big again.
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