bluethrunthru
Well-Known Member
can thoroughly recommend Call Jonathan Pie on BBC Sounds or YT - hilarious
I suspect that your problem here is that you’ve only done 3 minutes of research.Before you post you really should do a bit of research - its not hard this took me @3 minutes - we have not had what you suggested over the last 15 years
Inflation has not been low over your suggested period
Inflation and price indices - Office for National Statistics
The rate of inflation is the change in prices for goods and services over time. Measures of inflation and prices include consumer price inflation, producer price inflation and the House Price Index.www.ons.gov.uk
The labour market has remained broadly the same for years
I suspect that your problem here is that you’ve only done 3 minutes of research.
Over the last fifteen years of data - to May 2023 for the inflation series - CPI inflation averaged 2.89%. This is above the BoE’s target but not materially and clearly this includes some large numbers over the past year.
In the 15 years to the start of the Ukraine war, the average was 2.29%, and in the ten years to the war the figure is 1.83%. Realistically these figures are about as close the 2% target as you are going to get, and the standard deviation of annual inflation over these periods was also unremarkable.
As for unemployment, and again sticking to your 15 year period, the average unemployment rate for the 15 years to March 2023 is 5.74%. Given that the monthly unemployment data are available since January 1971, this 15 average series is obviously only available since 1986, but the latest figure (5.74%) is actually the lowest on record. The 10-year average is also currently at a record low.
So, low inflation without excessive volatility, and very, very low unemployment.
It’s all very nice but can you please explain what the Tories have done for the country in the last 13 years?I suspect that your problem here is that you’ve only done 3 minutes of research.
Over the last fifteen years of data - to May 2023 for the inflation series - CPI inflation averaged 2.89%. This is above the BoE’s target but not materially and clearly this includes some large numbers over the past year.
In the 15 years to the start of the Ukraine war, the average was 2.29%, and in the ten years to the war the figure is 1.83%. Realistically these figures are about as close the 2% target as you are going to get, and the standard deviation of annual inflation over these periods was also unremarkable.
As for unemployment, and again sticking to your 15 year period, the average unemployment rate for the 15 years to March 2023 is 5.74%. Given that the monthly unemployment data are available since January 1971, this 15 average series is obviously only available since 1986, but the latest figure (5.74%) is actually the lowest on record. The 10-year average is also currently at a record low.
So, low inflation without excessive volatility, and very, very low unemployment.
It’s not a question of knowing more than the ONS, it’s simply about the correct use of the data they publish.Thank god you know more than the ONS
It’s all very nice but can you please explain what the Tories have done for the country in the last 13 years?
Alter Kampfer? Really?Fuck all but Brewster is a die hard Alter Kampfer and will fight in a ditch to the bitter end rather than admit they are shit
He seems like a technocrat, pontificating why they haven’t delivered rather than understanding why they can’t. Don’t really like to judge as things do get lost on message boards.Fuck all but Brewster is a die hard Alter Kampfer and will fight in a ditch to the bitter end rather than admit they are shit