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Bbc Mis-Reporting, Debt, Inflation

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http://www.bbc.co.uk/news/business-12192960

From January 2007 to January 2011, the RPI went up by 15%, according to the Office for National Statistics (ONS).

Wages though, as measured by average weekly earnings, rose by just 7.6% - almost exactly half the rate of inflation.

So, on average, the earning power of people in work fell by 7.4% in that time, the ONS said.

Jan 2007 to Jan 2008 5.0% Gross on my savings 4.0% Net after tax

Jan 2008 to Jan 2009 6.5% Gross on my savings 5.2% Net after tax

Jan 2009 to Jan 2010 3.9% Gross on my savings 3.12% Net after tax

Jan 2010 to Jan 2011 3.9% Gross on my savings 3.12% Net after tax

Jan 2007 to Jan 2011.Compund Growth = 16.34% after 20% tax

Who says savings cannot beat RPI, but i admit i am currently being shafted..

Jan 2011 to Now.........RPI 5%......... 3.5% Gross on my savings 2.80% Net after tax, so losing over 2%, not good Merv!

WHAT A LOAD OF TOSH.............BBC MISREPORTING...................

http://www.bbc.co.uk/news/business-12192960

Is anyone winning?

While rising inflation and low interest rates may be eating away at savings, the same effect could be good news for those in debt.

Over time, the value of the debt will reduce, because the amount borrowed will not be worth as much owing to the effects of inflation.

In fact, 4% inflation every year will halve the value of money in 14 years.

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Is anyone winning?

Surely you've been around long enough to know who is winning...

As for members of this forum, I'm sure you can think of one or two who would love to come piss all over your compound growth.

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Surely you've been around long enough to know who is winning...

As for members of this forum, I'm sure you can think of one or two who would love to come piss all over your compound growth.

Savings and wages my dear friend, but the bubble will pop on commodities when the CB's decide to call time on............

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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