Forums Forums National News Inflation up again

I hate to mention it again, but this is the effect of the brexit vote coming through. My bet is that we ain't seen nuthin yet. It will get a lot worse than this as actual departure looms, and our hapless PM is tossed about by the DUP, the lunatic fringe of her own party, and twits like Boris and Gove.

But I suppose this is what those who voted to leave wanted to see happening.

Now you know thats not true Ex . With the exception of just a few eccentrics and lunatic rebels, the people that voted for leaving, did so in good faith convinced that it would benefit the UK in the long term.

Inflation is up because yet again industries that we privatised to increase competition and reduce price have actually cost us more with the blessing of this unholy Government who want all money to go upwards.

The pound has been rising all year, if the inflation was anything to do with Brexit the pound would be dropping like it did the previous two years.

If you think you've seen cuts in Council services just watch what happens over the next two years when this Government takes even more money from the Councils and gives it to the banks and alike.

It wont be long before we have the mass denials of those that voted to leave, harking back to the days of Thatcher it became extremely difficult to find anybody that had voted Tory.

Inflation is up throughout the EU. Inflation related to interest rates, amongst other things, including the £ to Euro exchange rate.

Generally, when people feel like spending – in other words when demand for goods and services exceeds supply – inflation tends to rise. When people don’t feel like spending and supply exceeds demand, inflation tends to fall.

Inflation in the Eurozone is at less than half of ours at 1.5%, and it doesn't seem to be rising significantly. People may well be feeling more confident in the 27, indeed a number of indicators shows they are doing quite well there. It isn't the case here, alas.

All the evidence, here, is that people are having to cut back more and more. Businesses are not investing. The reason prices have gone up here is very simple. The brexit vote resulted in a 15% drop in the value of the pound. That takes time to trickle through to the shops which is why it didn't happen immediately.

It is nothing to what we'll see after we leave however.

But as Casper observes, it will then be difficult to find anyone who voted to leave!

Theres always been inflation. I cant think of many things that are cheaper today than say 20 years ago.

Well, Ex and Casper , I will always stand up for being a 'leave' voter, because I still consider it to be the right answer to what was an ever increasing unity into the EU equivalent (eventually) of what was, the USSR. The fact that everything has been diamond studded with a view to enticing the support of a federal state , doesn't mean to say it won't all turn to paste. We all know who or what is the top level and very cunning attempts to hide the truth have been observed by the very astute British public.

If you weren't one of them, then watch out for what happens the future for the rest of the Europeans.

Our inflation has not gone up by 3% it's gone up from 2.8% in November unchanged from October. Total of 0.2 % .
Did you have a whimp in October and November ? No ! Only because it's on the news and they're making a big hullabloo about it. Jump on the bandwagon why don't you.

Not all EU countries are 1.5%, so tell me , it's 1.5% of what ?
UK rose by 1.2% in December 2016. 1.3% in 2014 and as Fish says, there is always inflation.

The EU stipulates about inflation. http://ec.europa.eu/economy_finance/publications/pages/publication15562_en.pdf

Also, why are imports suddenly expensive from the EU, we are still a member of the EU, so you can blame Brexit all you like, this is purely down to foreign companies bleeding us and in my opinion being spiteful. i.e. apart from energy prices (also foreign companies) but they have been significant in the EU inflation prices too.

I haven't heard any leavers who think they made the wrong vote, that's a bit different from those that think May has completely messed up the negotiations.

Does anyone know what the UK stance is at the moment as to whether the agreement last week was to be a binding or non-binding agreement?

If the EU expect us to sign binding agreements on all the things that work in their favour but have all the others non-binding then we should walk away.

The EU has no advantages, you only have to look at Greece to see how there is no "EU Community", Greece is signed up to poverty forever, there is no recovery plan, there was no help from the EU to stop the mess progressing, indeed the EU facilitated the mess that Greece got into.

So far as I am aware, DD, it's that nothing is binding until the final deal. So even at the 11th hour we can still call a 'no deal'. That is how I understand it but could be wrong.

I fear the greatest problem is that if things are not cut and dried prior to the next General Election, we could then end up having the country put through the wringer and that could see us joining the throngs of Venezuela, Bolivia ,Columbia and others.

Our inflation rate as just published is 3.1% Growth in wages is 2.2%. In other words we are getting poorer.

The reason goods from the EU are now more expensive is that the people selling them want payment in their own currency. If the customer is a Brit and is paying in pounds, he'll have to cough up more pounds because it collapsed by 15% as a result of people like you, Granny, voting to leave.

Both Greece and the UK share the dubious distinction of having lost the most in earnings since 2007 across the OECD. We both lost about 10.4% of earnings from 2007 to 2017. Greece now has a higher growth rate than the UK, lower inflation at 1.1%. and wages are growing at slightly above inflation. They are, therefore, unlike us getting richer, albeit slowly. The European Bank lent them money as I recall, conditional on their getting their house in order. They did so, and are well on the road to recovery.

Unlike us, they are not facing a situation where suddenly 40% of our expoerts may be hit by duty making them more expensive. Also unlike us, they do not have a clueless bunch of economic numpties running the country. You may also like to reflect that as the Greeks use Euros, they have no control over their currency and cannot devalue it to improve their export potential. They had austerity forced on them therefore.

The UK is an outstanding, monumental, piece of stupidity inflicted austerity ON ITSELF! The effect of it on both countries has been identical however. It is no coincidence we are both suffered so badly after the crash.

We are already getting poorer, and the rate at which we do so can only accelerate with brexit. Even the RAND corporation thinktank has pointed out what a disaster it is economically.

Finally, it is pretty clear that people ARE now beginning to regret voting leave, as may be seen here: https://whatukthinks.org/eu/opinion-polls/uk-poll-results/

If you are trying to compare the UK to Greece, you are off your f..ing trolley. That is probably the biggest joke of the century.

'Well on their way to recovery' ?? Well, I'm pretty pleased about that, because they had no chance of going any further down the cess pit. It's impossible when one is at the bottom already.

EX
To quote a remain voter (Rupert Myers) "Leavers can’t regret winning because almost nothing has happened yet to vindicate or condemn their choice."

We didn't, compared to most other economies we did exceedingly well. However the Tories have falsely used that as an excuse to rake the majority of the population to keep their rich chums on at least a 15% increase in wealth every year.

And that is also why our wages have gone down, nothing to do with the crash, nothing to do with Brexit - our own Government are thieves.

Greece is now being asset stripped, how can an economy recover when what it has got is being handed over to foreign owners, the profits will then not go into Greece, they will be taken away. Yes, it makes the GDP figure look good but that is not a measure of a country's finance.

We need self rule so we can sort our Government out, we cannot fight two Governments (including 27 other countries) that are not acting in our country's best interest.

May has done absolutely nothing to improve this country, along with Brown, Blair and Thatcher we have been stuffed.