Tuesday, Apr 17, 2007
The Eagle Has Landed
BBC: UK inflation hits 3.1% in March
The Bank of England governor will have to write a letter of explanation to the government after UK consumer price inflation rose to 3.1% in March.
Posted by sovietuk @ 09:54 AM (152 views) Add Comment
8 Comments
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1. sovietuk said...
Just look at that pound rise. $1.998 this morning. 0.5% rise in rates anyone ????????
2. Scott said...
This should force the hand of the Bank of England. They delayed more rises to wait and see and now it looks bad.
3. Sitting Tight said...
0.5% would be nice. First time the letter has been written in 10 years. They (MPC) must have seen this coming!! Reckon things start to get interesting now - no pun intended. Bring it on!!!!!!!!!!!!!
4. Down Wave said...
Brown and Blair's legacy for our Kingdom Part 1.
Mr CB is a dictatorial, intolerant introverted idealistic and orderly perfectionist.
Being an introverted judging type, he is intolerant and yet has strong idealistic concerns. Being a suppressed introvert (see below [& Naked Spirit Page 67]), he is powerless to implement the necessary directives to attain the perfection in himself that he demands of others.
His current profession is contraindicated for his psychological type as it enables him to unconsciously exercise the unsound parts of his personality by legally and financially dominating and manipulating everyone towards his overt moralistic ambitions (and those of Mr PB). This results in him coming across as an obsessive hypocrite expounding dictatorial behaviour supported with punitive avengement. All of this he naively believes is for everyone’s good and he hopes that he will receive recognition.
Appreciation will never be forthcoming as Mr CB uses the hard-work, savings and estates of everyone else to pay for His and Mr PB’s overt naive unrealistic pseudo moralistic and campaigns that he claims are to emancipate our Kingdom. His financial schemes and self acclaimed economic success have been paid for by using ‘spin’ to frog-march the public into dangerous unprecedented levels of person debt. His acclaimed creation of his economic success is entirely based on massive personal and treasury debt and is doomed to crash in the immediate future (See document: Rule Britannia: Prime Minister PB’s & Chancellor CB’s Legacy).
5. tyrellcorporation said...
IMHO they have to go for a 0.5% rise - 0.25% doesn't even register when people are making £2k a month in HPI.
6. Rickyb said...
I think they may have to raise interest rates by 0.5% next month. I suspect that the failure to raise this month was more for political reasons, and Gordon Brown's reassuring letter to Mervyn King on 21st March, suggesting that "it is not, in practice, always possible to keep inflation at the target".
7. iguana said...
3.1% CPR and that was after fiddling with the pile of consumer rubbish in the basket to mask or reduce the anticipated rise, and then trumpeting that their move meant that they would reduce CPR to the target level of 2% by the summer. I do hope that the eggs on the faces are really smelly ones. Roll on the rate rises!
8. cyril said...
I just can't beleive this is how people run the economy. So the reason inflation will go down soon is because of oil prices - they went up sharply around this time last year, they're still up, so therefore there is no annual inflation. What a bunch of .......!
This reminds me of when I used to work for the police and the same things happened with crime figures. Once crime rates have been up for a year, the annual increase miraculously disappears and nobody talks about it any more. At the time I thought they were just a bit dim but now I realise they're all at it.