11.1%

M

Matesrates

Well-known member
Latest inflation figures, highest for 40 years, interest rates will no doubt rise again causing more misery.
 
thank the current primeminister and the governor of Bank of England for printing those hundreds of billions of fake money to pay people to stay at home. They will continue to blame Putin and Liz Truss but the truth will come out. This country should be angry but sadly they are in a confused trance.
 
Ormergod said:
thank the current primeminister and the governor of Bank of England for printing those hundreds of billions of fake money to pay people to stay at home. They will continue to blame Putin and Liz Truss but the truth will come out. This country should be angry but sadly they are in a confused trance.
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Or it could be the same inflation problem affecting 60% of the global economy mainly because of the war in Ukraine and rising fuel prices.
 
tommytwojags said:
Or it could be the same inflation problem affecting 60% of the global economy mainly because of the war in Ukraine and rising fuel prices.
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Or a combination of both?
But Ormergod is bang on the money if you print money it causes inflation you don't need to be a financial wizard to work that out.
 
Global supply side constraints and a ludicrous supply side stimulation via QE
Either one causes inflation- the two combined and hey presto.
 
Matesrates said:
But if they hadn’t printed money there would have been devastation for hundreds of thousands.
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Ormergod, myself and a few others on here have been banging the drum since 2020 that Lockdowns should never have happened or at least after the first one not come back.
Furlough went on too long,fraud was rife so it was bloody obvious we'd have inflation.
 
basilrobbie3 said:
I'd rather cope with inflation than with possibly 500,000 dead from a virus for which we had no vaccine at the time.

You've been banging the drum on the basis of medieval-style superstition, not because of economics.
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Utter bullshit the average age of Covid deaths is in the 80's who in the main don't work that's the generation who should have been locked down and the tax paying workers who the majority have now had the virus crack on.
500k behave yourself.
 
poolseasider said:
Utter bullshit the average age of Covid deaths is in the 80's who in the main don't work that's the generation who should have been locked down and the tax paying workers who the majority have now had the virus crack on.
500k behave yourself.
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I'm not the one decrying the science and misrepresenting the facts. This virus was lethal for the age groups you mention, but not exclusively so. It has also permanently scarred the lives of many thousands of others.

I did pluck the 500,000 figure out of the air, but is it so fanciful? We've lost 208,000 at the time of writing, one in forty people are still routinely contracting it and that is with a vaccine produced at high speed, AND some good luck in that a more lethal variant didn't come along at the wrong time. It could have been much, mush worse.

The real problem in all this has been the people who think that their personal freedoms trump the interests of public health.
 
basilrobbie3 said:
I'm not the one decrying the science and misrepresenting the facts. This virus was lethal for the age groups you mention, but not exclusively so. It has also permanently scarred the lives of many thousands of others.

I did pluck the 500,000 figure out of the air, but is it so fanciful? We've lost 208,000 at the time of writing, one in forty people are still routinely contracting it and that is with a vaccine produced at high speed, AND some good luck in that a more lethal variant didn't come along at the wrong time. It could have been much, mush worse.

The real problem in all this has been the people who think that their personal freedoms trump the interests of public health.
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Like the 100,000 doctors and nurses who refused the vaccine but I suppose you know better.👍
 
poolseasider said:
Utter bullshit the average age of Covid deaths is in the 80's who in the main don't work that's the generation who should have been locked down and the tax paying workers who the majority have now had the virus crack on.
500k behave yourself.
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You are not wrong pool.

The average age of Covid fatalities in the UK was about the same as average life expectancy.

Did the monies spent on Dido Harding's great Test and Trace system really save that many lives ?

Did the monies spent on furlough payments to the young and healthy workforce really save that many lives ?

Covid did not cost the country a fortune, the way the Government handled it did, they gave in to the media.

I'm sure we'll handle similar things differently in the future.

I've not even started on procurement yet.
 
poolseasider said:
Ormergod, myself and a few others on here have been banging the drum since 2020 that Lockdowns should never have happened or at least after the first one not come back.
Furlough went on too long,fraud was rife so it was bloody obvious we'd have inflation.
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Fraud that has berm written off. What's £20 billion between friends?

11.1% inflation is the average btw.

Inflation for the poorest quartile is 16% because they are disproportionately affected by rises in fuel and food.
 
Matesrates said:
Latest inflation figures, highest for 40 years, interest rates will no doubt rise again causing more misery.
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While we are awash with cash perhaps we should consider giving out billions in climate change payments overseas ?

It can't be easy for these poor countries having to deal with the climate "crisis" while funding their nuclear weapon and space exploration projects.
 
SEASIDE2020 said:
While we are awash with cash perhaps we should consider giving out billions in climate change payments overseas ?

It can't be easy for these poor countries having to deal with the climate "crisis" while funding their nuclear weapon and space exploration projects.
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Are you saying climate isn't in crisis?
 
Wizaard said:
Fraud that has berm written off. What's £20 billion between friends?

11.1% inflation is the average btw.

Inflation for the poorest quartile is 16% because they are disproportionately affected by rises in fuel and food.
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Whatever happened to that chap who was Chancellor during Covid ?
 
The Bank of England prime target is to keep inflation within a low figure i seem to remember 2% and the Governor had to write to the govt to explain when it went over that figure. I realise there were other factors like Covid and Putins crazy war but shouldn't the governor resign or be sacked for being so tardy on increasing interest rates as soon as inflation started to take off?
 
Threepeaksphil said:
The Bank of England prime target is to keep inflation within a low figure i seem to remember 2% and the Governor had to write to the govt to explain when it went over that figure. I realise there were other factors like Covid and Putins crazy war but shouldn't the governor resign or be sacked for being so tardy on increasing interest rates as soon as inflation started to take off?
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Kwarteng's mini-Budget was a serious mistake but BoE Governor Bailey almost destroyed the UK's economy by being a mile behind the curve in terms of controlling inflation. He then compounded the problem by warning pension funds the money supply would be cut off even though the BoE had only spent £10bn of the £65bn earmarked to tackle the problem. He's incompetent and I can't believe he's still in a job.
 
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