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"Is the rise in inflation a UK or a global phenomenon." If it increases it's global, decreases it's government  | |||
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"Is the rise in inflation a UK or a global phenomenon." A good and rhetorical question and we all know the answer. Sadly, there are some who feel a national government can fix a global issue nationally. | |||
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"Is the rise in inflation a UK or a global phenomenon. If it increases it's global, decreases it's government "It is, but there's a strong case that Reeve's tax increases have nudged UK inflation higher than it need be. Now, with spiralling costs of servicing government debt, she is faced with drastic cost cutting measures in the Spring. So basically, higher taxes for less under Labour. | |||
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" It is, but there's a strong case that Reeve's tax increases have nudged UK inflation higher than it need be. Now, with spiralling costs of servicing government debt, she is faced with drastic cost cutting measures in the Spring. So basically, higher taxes for less under Labour." I think a lot depends on perspective. Is the situation "manageable" or "beyond redemption" ? . Those that feel it is "manageable" might feel there are things which can be "attempted" which "might" mitigate the severity. They might feel there are some things which "might" worsen the situation. No one really knows. . Then there are those who might feel this parrot died a long time ago and we are hurtling towards to the oblivion. Re-Sus is futile. . At least with oblivion, there is certainty  | |||
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"Is the rise in inflation a UK or a global phenomenon. If it increases it's global, decreases it's government
It is, but there's a strong case that Reeve's tax increases have nudged UK inflation higher than it need be. Now, with spiralling costs of servicing government debt, she is faced with drastic cost cutting measures in the Spring. So basically, higher taxes for less under Labour."There has been inflationary pressure in most economies, but the UK and Germany are particularly exposed. Inflation in the latter has been exacerbated by their energy policies and over the last two months by "dunkelflaute" - overcast still weather conditions virtually wiping out green energy generation at a time when sanctions on Russian oil and gas leaves its energy dependent industries very exposed to spikes in LNG import prices. Inflation in Germany is forecast to come out at 2.9% - France by comparison is forecast at 1.4% mainly because it has a primarly nuclear base and hasn't charged down the EV route, thereby leveraging cheap Indo-Russian diesel import cargoes. Trump's answer to energy inflation is "drill baby drill", while Milipede wants to shut down the North Sea when the UK already has the highest energy costs in the G20. | |||
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"Is the rise in inflation a UK or a global phenomenon." The rise in minimum wage and rise in Employers NI contribution is increasing inflation witch is government and could have been avoided. Once minimum wage goes up and inflation goes up benefits will need to rise. Then its back to strikes and more public sector pay rises. All driving inflation up. | |||
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"Is the rise in inflation a UK or a global phenomenon." I would say it depends on what is driving inflation in individual countries mainly. If it is increasing due to economic decisions taken by a government then it's not so much due to global trends but due to local decisions. In the UK, businesses and economist's have been saying since the budget that the changes introduced will make prices go up and they will not be able to hire as many people as hoped, in some cases maybe even laying people off. Retailers said just the other day that prices will only go up now as a result of the changes. Some things are outside pressure like oil and gas prices increasing, but that was also true when inflation was falling. | |||
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"Is the rise in inflation a UK or a global phenomenon. The rise in minimum wage and rise in Employers NI contribution is increasing inflation witch is government and could have been avoided. Once minimum wage goes up and inflation goes up benefits will need to rise. Then its back to strikes and more public sector pay rises. All driving inflation up." A reported £5k extra cost to businesses for each employee. | |||
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"Is the rise in inflation a UK or a global phenomenon. If it increases it's global, decreases it's government
It is, but there's a strong case that Reeve's tax increases have nudged UK inflation higher than it need be. Now, with spiralling costs of servicing government debt, she is faced with drastic cost cutting measures in the Spring. So basically, higher taxes for less under Labour."Add the already reduced economic growth, reduced housing starts, reduced business investment and lending to businesses. Increased unemployment and business confidence index fallen last four consecutive months. | |||
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"Is the rise in inflation a UK or a global phenomenon. Retailers said just the other day that prices will only go up now as a result of the changes. Some things are outside pressure like oil and gas prices increasing, but that was also true when inflation was falling." And if you believe that retailers were not going to put up prices Boris has a bridge he could sell you. | |||
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"Is the rise in inflation a UK or a global phenomenon. The rise in minimum wage and rise in Employers NI contribution is increasing inflation witch is government and could have been avoided. Once minimum wage goes up and inflation goes up benefits will need to rise. Then its back to strikes and more public sector pay rises. All driving inflation up." Nurses should strike. The doctos all got what they wanted but as per usual the nurses don't. As RCN CNO stated Sunday, we're 25% down in real terms. But don't be worrying cos nobody else does as we're not junior doctors or consultants  | |||
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"Is the rise in inflation a UK or a global phenomenon. The rise in minimum wage and rise in Employers NI contribution is increasing inflation witch is government and could have been avoided. Once minimum wage goes up and inflation goes up benefits will need to rise. Then its back to strikes and more public sector pay rises. All driving inflation up. Nurses should strike. The doctos all got what they wanted but as per usual the nurses don't. As RCN CNO stated Sunday, we're 25% down in real terms. But don't be worrying cos nobody else does as we're not junior doctors or consultants "So give them what they want but don't the moan about inflation. Benifits went up 6% last April minimum wage is going up 6.7% So guess most like me see this as a pay cut to skilled people how don't get 4% let alone 6% | |||
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"Is the rise in inflation a UK or a global phenomenon. Retailers said just the other day that prices will only go up now as a result of the changes. Some things are outside pressure like oil and gas prices increasing, but that was also true when inflation was falling. And if you believe that retailers were not going to put up prices Boris has a bridge he could sell you." It is not just the retailer! the manufacturer, warehousing, logistics, the retailer and anyone else in the chain are all impacted by the no taxes on working people, prices are going up. Nobody needs to guess, it is reported clearly everywhere, Reeves has created a huge problem with such a bad budget. I predicted 2 years to see the full extent of this budgets harm, it is accelerating but that 2 year forecast is still on track, unfortunately. | |||
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"Labour will do what they are doing now about their economic own goals, nothing and hope it all goes away. While they are doing nothing to tackle the mess they’ve made, they will create stories of inherited debt and an economy that was on its knees. That keeps 90% of their base happy." | |||
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"Good that Labour tell the truth 14 years of abject conservative failure Increased UK national debt from £900b to £2.7 trillion The conservatives still claim to be the party of fiscal prudence 🤡🤡🤡 Labour will do what they are doing now about their economic own goals, nothing and hope it all goes away. While they are doing nothing to tackle the mess they’ve made, they will create stories of inherited debt and an economy that was on its knees. That keeps 90% of their base happy." you have said nothing about the negligence of labour over the last 6 months, why is that? | |||
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"Good that Labour tell the truth 14 years of abject conservative failure Increased UK national debt from £900b to £2.7 trillion The conservatives still claim to be the party of fiscal prudence 🤡🤡🤡 Labour will do what they are doing now about their economic own goals, nothing and hope it all goes away. While they are doing nothing to tackle the mess they’ve made, they will create stories of inherited debt and an economy that was on its knees. That keeps 90% of their base happy." Can you check the numbers before and after covid? We were actually getting control of debts before covid happened. But the Tories gave it all away during Covid. Do you think we shouldn't have spent that much during covid? | |||
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"Good that Labour tell the truth 14 years of abject conservative failure Increased UK national debt from £900b to £2.7 trillion The conservatives still claim to be the party of fiscal prudence 🤡🤡🤡 Labour will do what they are doing now about their economic own goals, nothing and hope it all goes away. While they are doing nothing to tackle the mess they’ve made, they will create stories of inherited debt and an economy that was on its knees. That keeps 90% of their base happy. Can you check the numbers before and after covid? We were actually getting control of debts before covid happened. But the Tories gave it all away during Covid. Do you think we shouldn't have spent that much during covid?" Lots of businesses received a lot of help during Covid. Do you think they should repay some of that help or should it only be those on PAYE. | |||
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"Good that Labour tell the truth 14 years of abject conservative failure Increased UK national debt from £900b to £2.7 trillion The conservatives still claim to be the party of fiscal prudence 🤡🤡🤡 Labour will do what they are doing now about their economic own goals, nothing and hope it all goes away. While they are doing nothing to tackle the mess they’ve made, they will create stories of inherited debt and an economy that was on its knees. That keeps 90% of their base happy. Can you check the numbers before and after covid? We were actually getting control of debts before covid happened. But the Tories gave it all away during Covid. Do you think we shouldn't have spent that much during covid? Lots of businesses received a lot of help during Covid. Do you think they should repay some of that help or should it only be those on PAYE." Most businesses that received money used it to pay bills and pay staff on furlough so have not yet made enough to get back to where they where pre covid. If they had and where in profits they might try not to pass on the wage and NI increase. But the truth is this will need to get passed on to customers. INFLATION | |||
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"Is the rise in inflation a UK or a global phenomenon. Retailers said just the other day that prices will only go up now as a result of the changes. Some things are outside pressure like oil and gas prices increasing, but that was also true when inflation was falling. And if you believe that retailers were not going to put up prices Boris has a bridge he could sell you." They are saying prices will only go up now due to the budget and the economists agree this us the reason. Pretty much all other sectors are reporting the same thing and all say it us due to the budget. Again economists and business groups agree | |||
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"And it came in at…….. 2.5% Thoughts? " I was surprised but in a good way. I thought petrol and diesel might have taken it higher | |||
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"And it came in at…….. 2.5% Thoughts? " Think we'll be waiting some time for the OP to start a thread praising the government for the drop in inflation | |||
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"And it came in at…….. 2.5% Thoughts? I was surprised but in a good way. I thought petrol and diesel might have taken it higher " I'll will save judgment till May and the increase the government are putting on business to see if any good is undone. | |||
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"And it came in at…….. 2.5% Thoughts? I was surprised but in a good way. I thought petrol and diesel might have taken it higher " it will do next time. The rise in oil had not come into effect in time for these figures. | |||
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"And it came in at…….. 2.5% Thoughts?" The OP does say "when the Office for National Statistics releases its data on 6 February". Was he predicting more than a month in advance? | |||
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"And it came in at…….. 2.5% Thoughts? Think we'll be waiting some time for the OP to start a thread praising the government for the drop in inflation "  | |||
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"And it came in at…….. 2.5% Thoughts? " It's all down to Liz Truss of course.. | |||
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"Forecasts wrong then. Good news to see inflation coming down, together with economic growth, reduced business lending, reduced business investment and forth consecutive month of falling business confidence, and impact of budget yet to come. " Inflation coming down is good news even if its small but as you show everything else is going in the wrong direction and worryingly the budget changes have not come in yet. Hopefully it will encourage the bank to reduce interest rates and that gets past onto customers | |||
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"Forecasts wrong then. Good news to see inflation coming down, together with economic growth, reduced business lending, reduced business investment and forth consecutive month of falling business confidence, and impact of budget yet to come. Inflation coming down is good news even if its small but as you show everything else is going in the wrong direction and worryingly the budget changes have not come in yet. Hopefully it will encourage the bank to reduce interest rates and that gets past onto customers" What you both mention is why I'm cautious, it feels like consumer hesitancy is matching the lack of business confidence. The downward inflation could be as sign of entering a recession. It might not though, will we know by end of Q1  | |||
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