FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to Politics

Interest rates to rise sooner.

Jump to newest
 

By (user no longer on site) OP   
over a year ago

Apparently the recent (treasury?) growth forecasts for our economy were rather pessimistic. Independent BoE have now said growth will be stronger than previously predicted, with wages likely to outstrip inflation by the end of the year. As a result interest rates may have to rise sooner than originally planned?

Seems we can’t win!

Reply privatelyReply in forumReply +quote
 

By *tjohnspairCouple
over a year ago

Worcester

Higher growth? Is that because of or despite of brexit?

Centaur? CLCC....?

Be good to hear both sides in the usual clear and concise way....?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Let's see wages rise first for a change.I see no evidence of that..

Reply privatelyReply in forumReply +quote
 

By *illwill69uMan
over a year ago

moston

Stop being disingenuous.

Growth rate is up and being adjusted up because of the strong growth rate across the world.

BUT

The UK growth rate is still significantly lagging behind that of the rest of the world.

So not the the good news story that many are portraying it as. In fact if you are poor and especially if you are on benefits (in work or not) it actually represents even worse news for you with CPI inflation index rising to 2.9%, meaning that RPI (which is a more accurate measure of day to day living costs) will be running at 8 to 10 maybe 11 or 12% while benefits are either frozen or rising at about 1%.

Not such a good story when viewed in the round is it?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago

CPI is 2.9%..... RPI is actually 4.1%. Highercthan CPI.....but to suggest it is in double figures is fanciful....

Reply privatelyReply in forumReply +quote
 

By *illwill69uMan
over a year ago

moston


"CPI is 2.9%..... RPI is actually 4.1%. Highercthan CPI.....but to suggest it is in double figures is fanciful...."

It seems our understanding of the reality of CPI and RPI differ. I think you take the headline figures as published by the government which includes their monthly 'adjustments' (fiddlings) I make an effort to undo these (be it ever so crude). As a result I have found that the difference between the lower and higher of the indices is usually in the region of double but can at times be over triple. I have also noticed that this difference reflects what I experience in day to day living. Not authoritative I'll grant you, but I would suggest more accurate than the figures published by the government and BoE who both have vested interests in playing down negative news.

Reply privatelyReply in forumReply +quote
 

By *andS66Couple
over a year ago

Derby


"CPI is 2.9%..... RPI is actually 4.1%. Highercthan CPI.....but to suggest it is in double figures is fanciful....

It seems our understanding of the reality of CPI and RPI differ. I think you take the headline figures as published by the government which includes their monthly 'adjustments' (fiddlings) I make an effort to undo these (be it ever so crude). As a result I have found that the difference between the lower and higher of the indices is usually in the region of double but can at times be over triple. I have also noticed that this difference reflects what I experience in day to day living. Not authoritative I'll grant you, but I would suggest more accurate than the figures published by the government and BoE who both have vested interests in playing down negative news."

So you make crude calculations to come up with an accurate answer?

Reply privatelyReply in forumReply +quote
 

By *illwill69uMan
over a year ago

moston


"So you make crude calculations to come up with an accurate answer?"

No I make observations and draw conclusions...

CPI is based on a 'basket' of goods and services. The food element is things like a small packet of... a large tin of... a portion of...

If the price remains the same there is no inflation, the fact that the portion that was a premium brand has been substituted for the cheapest own brand is not taken into account. Nor are any reductions in size. In fact this method of manipulating figures is now called 'shrinkflation'.

Funny how the media do not give much coverage to it. I wonder why that is?

Reply privatelyReply in forumReply +quote
 

By (user no longer on site) OP   
over a year ago

You can find an authoritative list on treasury website. They remain constant month to month.

Reply privatelyReply in forumReply +quote
 
 

By *asyukMan
over a year ago

West London

As stated we've leapt from first to last in G7 GDP growth since Brexit.

The currency had weakened as a direct consequence of Brexit pushing up inflation.

Manufacturing exports have increased, mainly to the EU, but the balance of trade deficit has increased.

You can decide if this is a good thing or not.

We have inflation and some growth. The BoE has to control inflation and the only lever they have is interest rates.

Government could increase tax on multinationals and rich individuals. That would raise revenue to help pay for infrastructure, education or health to improve competitiveness, but with Brexit coming are they going to want to upset anyone? To be fair, have they ever regardless of Brexit?

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top