Mortgage Rate Rises

I’m still stuck - can the government not just raise VAT by, let’s say 10%, instantaneously reducing buying power?

Added benefit of giving the government some of the furlough money back - then invest in our energy.
 
GordyR said:
Inflation remains unchanged at 8.7%.

+0.5% on Thursday?

Every other advanced economy has seen significant declines but we have hugely impacting extra factors, of which Brexit is without a doubt the most significant.

Not good news.

Edit: @200sols beat me to it by mere milliseconds.
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Brexit significant but also the amount of money poured in during covid probably the most significant contributor at the moment. Brexit probably more in the long term. 0.5% probably coming.
 
delta0 said:
Brexit significant but also the amount of money poured in during covid probably the most significant contributor at the moment. Brexit probably more in the long term. 0.5% probably coming.
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What I mean is that Brexit is the one thing that differentiates us from those other advanced economies.

I completely agree that the directly inflationary Covid policies have likely driven the larger portion of our inflation overall, but remember most other countries followed similar policies during that time.

I know you're not arguing this, but I don't think that anyone could possibly try to argue, any longer, that a significant proportion of our recent inflation is not directly linked to Brexit. Given the increased cost of importing food from our neighbours, and among other things, the huge supply chain shocks and massive labour shortages we've seen, it's now totally inarguable surely?
 
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media seems to not even bother mentioning Brexit now, considered as wired in, irreversible.

0.25% ..... UK borrowing now greater than GDP , eu only 6%
air travel tipped up UK inflation - people getting away from the misery.
 
GordyR said:
What I mean is that Brexit is the one thing that differentiates us from those other advanced economies.

I completely agree that the directly inflationary Covid policies have likely driven the larger portion of our inflation overall, but remember most other countries followed similar policies during that time.

I know you're not arguing this, but I don't think that anyone could possibly try to argue, any longer, that a significant proportion of our recent inflation is not directly linked to Brexit. Given the increased cost of importing food from our neighbours, and among other things, the huge supply chain shocks and massive labour shortages we've seen, it's now totally inarguable surely?
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It’s definitely going to be a significant burden on us for the long term. It’s likely we will sit above other countries for a while on inflation unless we do something really stupid with interest rates and crash the economy. We are getting close to that threshold it seems.
 
jpaul said:
media seems to not even bother mentioning Brexit now, considered as wired in, irreversible.
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Indeed, there's a massive blindspot there now that the British media largely refuses to touch.

The fact we can't be honest about the various factors that have led to this situation, makes it incredibly difficult to move forward effectively.

And that is so damaging in of itself
 
delta0 said:
Brexit significant but also the amount of money poured in during covid probably the most significant contributor at the moment. Brexit probably more in the long term. 0.5% probably coming.
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It is definitely the most significant factor

Give or take i'd put a guess at inflation being 75% from 2020 till now. (100% but deduct 25% due to various QT etc)

So give or take inflation will come down 2027 at this rate.

Well unless there is a crash in the markets and the central banks start easing, then inflation will keep going

Brexit is just sentiment
 
Look at core inflation and what is driving that. People claiming its all external are clearly wrong now, interest rates will now crush that demand. The BoEs initial forecasts of a recession may well end up being correct after all :cry:
 
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GordyR said:
What I mean is that Brexit is the one thing that differentiates us from those other advanced economies.

I completely agree that the directly inflationary Covid policies have likely driven the larger portion of our inflation overall, but remember most other countries followed similar policies during that time.

I know you're not arguing this, but I don't think that anyone could possibly try to argue, any longer, that a significant proportion of our recent inflation is not directly linked to Brexit. Given the increased cost of importing food from our neighbours, and among other things, the huge supply chain shocks and massive labour shortages we've seen, it's now totally inarguable surely?
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Unofficially the Gov know Brexit is been a huge disaster for the economy and everything underneath it, but in front of a camera they have to pretend otherwise, because Tory = Brexit.

On that point everyone is probably abit sick of pointing out the very obvious so are at pains to discuss more nuanced reasons why inflation remains stubbornly high aside from Brexit because it's baked in at this point. It'll be the same in Ukraine once the war is over, aside from being bombed back to the stone age why haven't certain things improved 10, 20, 30 years from now, folks won't want to hear "because Russia invaded".
 
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No change in inflation.

All need is gas prices to start growing again and inflation will grow.


All bets are off I'd say. Only way to escape this doom spiral is to escape the UK. Inflation isn't going anywhere for a long time.

We also go and start self harming by voting brexit.



I guess there's one reason to smile. Tories will get torn to pieces next GE
 
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413x said:
No change in inflation.

All need is gas prices to start growing again and inflation will grow.


All bets are off I'd say. Only way to escape this doom spiral is to escape the UK. Inflation isn't going anywhere for a long time.

We also go and start self harming by voting brexit.



I guess there's one reason to smile. Tories will get torn to pieces next GE
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Dunno people thick enough to vote us into this situation
 
Not sure if it's time to just rip the damn plaster off. Go with +1% increase, all these little measures haven't worked?

House prices are silly high though, and I think we all agree need to come down.
 
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