Inflation leaps to 2.9% - you ain't seen nothing yet!
Tuesday, 19 January 2010 12:39

Many of us can recall the last time Labour was in power and the surging inflation that devastated the country.

It's amazing that the government is allowing us to know that inflation is only 2.9%, with 175 billion pounds created by slight of hand (quantitative easing, printing money call it what you like) that is inflation by a different name.

This is probably government policy, borrow, borrow and borrow more, create rampant inflation then pay it back with pounds that are worth only 50p. Unfortunately it's the people of these islands that come of worst, and they can't move away or get lucrative book deals like ex PMs and ministers.



Add this page to your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP