Friday, March 23, 2007

Don't forget inflation

Inflation was 4.6% in Feb !

We have perhaps forgotten how inflation destroys peoples lives. My wife (the main regular wage earner in the family right now) pay rise was 2.5%.

I had to check this inflation rate before i could believe it. Interest rates must go up very soon and house prices - they may crash.

Perhaps this is the crash that Gordon Brown knows is coming. Labour may be broke and his poll rating dire, but he may still want to go to the country before all these chickens come home to roust.

Did anyone here "Tory boom and bust" on Wednesday ? ( I only caught the end of Brown's speech.)

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