Inflation - when is this going to end?

Tuearts right boot said:
Now that's what you call cheap motoring, well done.
Just out of curiosity, did you replace it with a similar new car and.....how much.
Click to expand...
Yeah I shopped around and got a really good deal on a new Mitsubishi Eclipse Cross, $33k with 10 year warranty and 10 year capped services. Plus a $1000 fuel card.

(about 16500 quid)
 
You may not have noticed it, but a serious war in the Middle East is a real possibility. This would lead to a huge hike in fuel prices and consequent inflation. The scenario we had under Ted Heath, when at one point fuel ration coupons were issued - though never used. Inflation soared to the point that for a time I got a pay rise every month.

In this situation, it would be a very bold person who decided to cut interest rates by anything much. A wait-and-see policy seems wise. The stock market already looks a bit frail.
 
BrianW said:
You may not have noticed it, but a serious war in the Middle East is a real possibility. This would lead to a huge hike in fuel prices and consequent inflation. The scenario we had under Ted Heath, when at one point fuel ration coupons were issued - though never used. Inflation soared to the point that for a time I got a pay rise every month.

In this situation, it would be a very bold person who decided to cut interest rates by anything much. A wait-and-see policy seems wise. The stock market already looks a bit frail.
Click to expand...
Millions need the interest rate cut, never mind businesses as people haven't got any extra to spend.
 
pride in battle said:
Millions need the interest rate cut, never mind businesses as people haven't got any extra to spend.
Click to expand...
Yes, they do. But if fuel prices double overnight, we are all of us fucked. The current interest rates will then be looked at with nostalgia.

The world is a very scary place right now and we can't cut ourselves off from world events. Especially as the UK insists on prodding its nose into every conflict, as though we were still a superpower, which we are not.
 
BrianW said:
You may not have noticed it, but a serious war in the Middle East is a real possibility. This would lead to a huge hike in fuel prices and consequent inflation. The scenario we had under Ted Heath, when at one point fuel ration coupons were issued - though never used. Inflation soared to the point that for a time I got a pay rise every month.

In this situation, it would be a very bold person who decided to cut interest rates by anything much. A wait-and-see policy seems wise. The stock market already looks a bit frail.
Click to expand...
Fucking hell, I’d forgotten about “threshold payments” - if I’m remembering correctly they were fixed at £0.60 per week for every one percent rise in inflation. Someone with a better memory may correct me. They added up to fair sum and were rolled into the next annual pay award. Part of the prices and incomes policy. They were like mini interim pay awards.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.