Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....

http://www.bbc.co.uk/news/business-39337909

UK inflation rate leaps to 2.3%


"Rising fuel and food prices helped to push last month's inflation rate to the highest since September 2013.
Inflation as measured by the Office for National Statistics' Consumer Prices Index (CPI) jumped to 2.3% in February - up from 1.8% in January.
The increase has pushed the rate above the Bank of England's 2% target.
Food prices recorded their first annual increase for more than two-and-a-half years, standing 0.3% higher in February than a year earlier.
The Bank of England has said it expects inflation will peak at 2.8% next year, although some economists think the rate could rise above 3%.
The Brexit vote last June prompted a steep fall in the value of the pound, making imported goods more expensive.
Ben Brettell, senior economist at Hargreaves Lansdown, said the fall in the pound against the dollar had been pushing transport costs higher since last summer."

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The March has started.

Re ''The March has started''

Inflation in the UK is going to be nowhere near as damaging as it will for the Eurozone.

fred will remember well when inflation was running at about 18% in the mid/late 70s
even a decade before that, ~5% was considered the norm

Result of the Heath tory government?

Inflation in the 70's was at one time well over 20%, nothing whatsover to
crow about, but when the rate is now 2.3 and we have people moaning,
it puts it into perspective, and every time the rate comes in under 2% the
BoE have to write a letter to the exchequer explaining why.

I can't see the rate exceeding 3% unless the exchange rate falls to near parity.

slight slippage of the brain fred?

labour 1964 to 1970 and then 1974 to 1979

Oh! In that case it was the 1973 oil crises. Eh! Fred

It doesn't matter really does it , you can see his game a mile off , silly billy Freda .

Re-read what I posted.

8-)

.

fred wrote - Result of the Heath tory government?

so the answer to that is "no"

This one is for you Fred, and any other remainiacs who think €uropa holds the whip hand.

You will notice the big fat fact at the top of the graph: Trade war anybody?





.


https://fullfact.org/europe/uk-eu-trade/

As I said Max , see what they offer agree what's reasonable then walk away.

It's those silly buggers who will lose out in a game of chicken.

Looks like the murderers at it over here , Parliament in lockdown bodies seen .

Manuel,

Even the tories turned on Heath.

Mind it is usual for the tory rabble to turn on their leaders and scramble for their clothes or remaining rags.

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Max,

It will be easier for Germany etc. to rearrange their "deals" than the UK.

Also, the logics of distribution will be easier for the EU than the outsiders in the UK.

I wait to see.

not because of inflation methinks fred

btw, where did uncle jim go so badly wrong?

He accepted the job.

didn't uncle jim preside over the winter of discontent?

hardly surprising then that the country voted in a gov't that would brook no nonsense from the militant unions

Check against PMs of the period and the mess left by Heath.


But in many ways, it is "circumstances" and has similarities to Labour being held responsible for the Banking and Mortgage and financial service fiascos in America and London in 2006-2010. Bad timing.

When I play chess I am always delighted when I meet an opponent whose moves correspond with my expectancies.

Unfortunately, such games are getting less frequent.

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Thinking of selling out towards middle of April.