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Bbc News 1oclock

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blah blah blah. highest inflation rate in 8 years.......

i just watched the bbc news mention everything from clothing, fuel to food and pointed out examples of all.

but they didnt mention HOUSE INFLATION once......

considering its the largest punch of inflation and the largest monthly outgoing you have, why has it not been mentioned as the main or even a slight inflation cause.?

what whitewash. this is propaganda. how bizzare.

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You people do make me laugh. Any news items which do not mention House Price Crash in big flashing letters are always propaganda or vested interest spin.

It must be hard to always be the victim of such unfair reporting.

Would you rather the report had said 'the BBC has absolutely no evidence to support the following statement but it appears that there is going to be a complete house price armageddon because the house price crash website forum keeps saying so lots and lots and lots and if they keep saying it so often it must be true so would everyone please pay attention while they throw their toys out of the pram and stop all property transactions this instant until a five bed house in central london can be bought for £3.75'

I guess you would enjoy that report.

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'the BBC has absolutely no evidence to support the following statement but it appears that there is going to be a complete house price armageddon because the house price crash website forum keeps saying so lots and lots and lots and if they keep saying it so often it must be true so would everyone please pay attention while they throw their toys out of the pram and stop all property transactions this instant until a five bed house in central london can be bought for £3.75'

Damn I missed that. Can you give a link for a webcast?

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housing inflation erodes pay.

it erodes pay faster than fuel or food or clothing.

it cuts a young persons wages in half.

funny how the bbc miss that little detail out and give an otherwise 'thorough' report.

a waste of a licence fee.

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housing inflation erodes pay.

it erodes pay faster than fuel or food or clothing.

it cuts a young persons wages in half.

funny how the bbc miss that little detail out and give an otherwise 'thorough' report.

a waste of a licence fee.

*hush - don't give them ideas* We don't want them to include HPI now the prices are static or falling. That would just twist things even more.

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CPI does include housing costs, so if they are accurately reporting CPI, why should they mention housing costs?

Starcrossed is right sshhhh! Look what happened to RPI, which does include houing costs, it fell!

Was the BBC report otherwise bearish? Did it have lots of doom and gloom? If so it will help our cause for cheaper housing.

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Guest Riser

*hush - don't give them ideas* We don't want them to include HPI now the prices are static or falling. That would just twist things even more.

I fully expect Brown to announce a change from CPI to RPI suggesting it is a better measure of inflation and Europe got it wrong using CPI. He can't afford higher interest rates now as he will be blamed for the following recession/depression.

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*hush - don't give them ideas* We don't want them to include HPI now the prices are static or falling. That would just twist things even more.

Extracted from the National Statistics Website:

http://www.statistics.gov.uk/cci/nugget.asp?id=19

CPI annual inflation – the Government's target measure – rose to 2.5% in September, the highest rate since the start of the official series in January 1997.

For the third consecutive month, the largest upward effect on the CPI annual rate came from transport, with petrol pump prices continuing to rise, reflecting movements in crude oil prices. The average price for ultra-low sulphur petrol rose by 4.6p per litre in September, compared with a rise of around 0.1p a year ago. A partially offsetting large downward effect came from air travel, mainly due to its higher weight in this year's index. The steep fall in air fares was similar to a year earlier but the impact was bigger.

A further large upward effect came from recreation and culture, mainly due to special offers last year on computer game consoles which were not repeated this year, and an increase in the cost of theatre admissions. A partially offsetting small downward effect came from foreign holidays.

The largest downward effect on the CPI annual rate came from clothing and footwear, in particular women's and children’s outerwear.

Maybe the BBC report did not mention house prices because the biggest causes of inflation this month were transport, recreation and culture.

There are other things going on in the world you know.

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  • 301 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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