Inflation,
They say the current level of inflation is yes, well above the government and Bank of England’s target of 2.0%. In fact inflation levels have been higher than target for the past two years. Retail Price Index (RPI) inflation (which differs from CPI in that it includes mortgage interest payments) rose from 5.1% in January to 5.5% this month: This is the highest rate for many years and these are manipulated figures.
We all know these figures are way off. Just try shopping for food. It must be up by twenty per cent in the last few months. Whilst people paying rent to a mortgage company or a bank may well have it temporarily easy, it is at the expense of the majority. Watch the housing market in the next few months. Working people have seen their standard of living fall dramatically. Overall, our standard of living has dipped substantially and the people to have been hit the most are the poorest in our 'silly' society.
And quantitative easing, printing money, fiddling the figures and allowing the tax dodgers to continue, really will not suffice. Even a royal wedding will not help. Warmongering and rubbish seems to the order of the day for this awful Government.
I do wish I could be more positive. Ivor Timson
