Archive for February, 2011

Inflation up again

Tuesday, February 15th, 2011

The Bank of England governor said that excluding the effects of the rise in VAT, the fall in sterling and recent increases in commodity prices and energy prices inflation would probably have increased at a rate “well below” the 2% target.

In other words if we exclude inflation from the figures,
our inflation rate would be zero!

I am now waiting for the company that announces massive director bonuses with a chairman’s statement the includes the quote “apart from the losses this year we are a profitable company”.

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