Sunday, May 13, 2007

UK economy a confusing beast to analyse

Dear MPC: Can we get all facts on one day?

Jumbled article on UK plc that reckons interest rates have already peaked, mortgages lenders have overreacted by pulling fixed rate deals and reckons the April CPI figure will be sharply down because gas is cheaper! Takes no account of the overinflated property market and suggests that the MPC's decision, the CPI number and - once a quarter - the Bank's Inflation Report are all published on the same day.

Posted by enuii @ 06:19 PM (476 views)
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2 thoughts on “UK economy a confusing beast to analyse

  • And while they’re at it, publish inflation figures that actually reflect peoples’ cost of living, rather than contrived carefully crafted figures based on HDTVs and champagne.

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  • What is worrying Paul is that if they are fudging the figures to get the very last out of the property bubble, what underlying issues will the public be exposed to when it does go pop. Entire documentaries will be covering the subject of how we got in so much trouble.

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