UK inflation up to 4.4% in July

http://news.bbc.co.uk/1/hi/business/7555788.stm

UK inflation up to 4.4% in July

The UK's annual rate of inflation rose to 4.4% in July, its highest level since records began in 1997.

The 0.6% rise was also the biggest monthly change since records began and took the figure to more than twice the government's target.

The rise in the Consumer Prices Index (CPI) was more than expected, with food prices up a record 13.7% on the year.

Inflation as measured by the Retail Prices Index (RPI) - often used in pay negotiations - rose to 5% from 4.6%.

Rates question

The latest figures are set to make the next interest rate decision by the Bank of England's Monetary Policy Committee even tougher, with the Bank having to cope with accelerating inflation and a slowing economy.

"It is very disappointing data with widespread signs of higher price pressures," said Philip Shaw, Investec chief economist.

The threats of recession are worsening
David Kern, BCC

Many economists expect that rates will have to be cut by 2009 if the economy goes into a tailspin.

Figures released on Tuesday suggested that the summer sales had made little impact in reviving retail sales, while house prices and mortgage approvals continued to tumble.

Stagflation

For the Liberal Democrats, Treasury spokesman Vince Cable warned about the dangers of stagflation.

"It's very clear that we're in for a dose of stagflation, with the economy slowing abruptly and inflation too high and increasing."

But Yvette Cooper, the Chief Secretary of the Treasury, said that inflation was a problem everywhere due to high oil prices and a lack of supply.

Apparantly food prices went up 13.7%.

I don't know if the situation is improving in US, but in the UK it looks as grim as ever.

Meh, Government stealing everyone's money in another way.

As it should.

Who will you be voting for in the next election? On other forums that I frequent many of the British members really drill into Gordon Brown and the Labor Party and to me it seems like their run in office will be coming to and end and Cameron will be taking over..maybe that will help?

Cameron's a dick, but historically, whenever a new guy takes over, it gets better. So logically, every leader should only get one term.

Originally posted by KidRock
Who will you be voting for in the next election? On other forums that I frequent many of the British members really drill into Gordon Brown and the Labor Party and to me it seems like their run in office will be coming to and end and Cameron will be taking over..maybe that will help?

Cameron is gaining a lot of votes. Labour had such a humiliating defeat in Scotland.

Gordon Brown, when he first showed up, he seemed like he knew his stuff, he seemed confident and not a shit talker...

That was then...now he's just failing in a lot of aspects.

Conservatives might get it next election. They got London. Mayor of London is a Conservative.

the thing is that the defeats for labour in Scotland are really just warning shots across the bow...an attempt by voters to shake the labour party into getting a grip of the situation

the problem is that alot of the problems that are swaying the voters are outwith the government's control and there's little Brown can do about it

i've been keeping an eye on the press and media and how they portray Brown and i think alot of it has to do with the fact that he is Scottish...the fleet street press is simply not prepared to accept a Scotsman as leader of the UK...particularly when there is a seperate Scottish devolved government...they are, in effect, hounding him out of office...and even if things were ripe and peachy...he'd still be gettin ridden by the press far more than Tony Blair ever would in the same circumstances

Originally posted by KidRock
Who will you be voting for in the next election? On other forums that I frequent many of the British members really drill into Gordon Brown and the Labor Party and to me it seems like their run in office will be coming to and end and Cameron will be taking over..maybe that will help?

I'll be voting for Clegg.

Originally posted by chillmeistergen
I'll be voting for Clegg.

haha...ha

Originally posted by KidRock
Who will you be voting for in the next election? On other forums that I frequent many of the British members really drill into Gordon Brown and the Labor Party and to me it seems like their run in office will be coming to and end and Cameron will be taking over..maybe that will help?

Well, the media really don't give him an easy time- everything he does they criticize...its because they can't stand his accent. Jaden is pretty much correct, even though a few Prime Ministers have been Scottish before, Tony Blair being included.

Scotland has always been Labour's stronghold, however they are loosing it as they did in Glasgow recently...ofcourse it didnt help that the Catholic Church is going after their blood.

If Cameron wins...the UK will fall apart sooo fast it will be tragic.

Originally posted by jaden101
haha...ha

The Lib Dem's policies appeal to me the most...so, why the laughter?

I realise that some people consider it to be throwing a vote away, but I'd rather vote for the party whose policies I somewhat identify with, than not vote at all.

Originally posted by chillmeistergen
The Lib Dem's policies appeal to me the most...so, why the laughter?

I realise that some people consider it to be throwing a vote away, but I'd rather vote for the party whose policies I somewhat identify with, than not vote at all.

I think that its because Nick "i've slept with everwoman this side of the channel" Clegg is a complete t i t.

Originally posted by Grand_Moff_Gav
I think that its because Nick "i've slept with everwoman this side of the channel" Clegg is a complete t i t.

I couldn't care less who he has and hasn't slept with.

Good thing the UK has a good health plan...unlike us Americans...so you guys should be okay.

Didn't the whole Clinton impeachment establish it's okay to have sex with whomever and be a politician?

Besides, Nick Clegg in his summer message made the assertion that voting for Labour is actually throwing your vote away.

Originally posted by chillmeistergen
I couldn't care less who he has and hasn't slept with.

👆

On another note, isn't it kind of scummy of a politician to "solicit" sex from someone, especially politicians who hold higher positions of office? On a contradicting "another note", can't we also say that the extreme vast majority of the time, the "sexees" are adults and it really doesn't f***in'* matter what position who holds, they still made the adult decision to sleep with the politician?

*Yes, I did that on purpose.

Originally posted by Grand_Moff_Gav
Well, the media really don't give him an easy time- everything he does they criticize...its because they can't stand his accent. Jaden is pretty much correct, even though a few Prime Ministers have been Scottish before, Tony Blair being included.

Scotland has always been Labour's stronghold, however they are loosing it as they did in Glasgow recently...ofcourse it didnt help that the Catholic Church is going after their blood.

If Cameron wins...the UK will fall apart sooo fast it will be tragic.

i think it's pretty much set in stone now the the tories will win...unless labour do a very negative campaign and use alot of the images from when the tories were last in charge (which they probably will)

as for Blair being Scottish....in so much that he was born in Edinburgh...but pretty much his entire life was lived in England so it's dubious to call him Scottish (although my old boss was the same...born in Scotland but lived all his life in England...and considers himself truly Scottish...it's quite odd watching someone shout in an English accent at the tv...****IN ENGLISH BASTARDS when the football is on)

regardless...even though the tories will get the most votes at the next election...it's going to be a hung parliment

The Lib Dem's policies appeal to me the most...so, why the laughter?

i can respect your ideals...i was the same at the last general election...i voted on my principles even though the party i voted for had no change of winning (even less so in my constituency)

the lib dems may even hold the balance of power at the next election cause they may form a coalition government to avoid a hung parliment....although they say at the moment that they would never do that...we'll see though....power corrupts etc etc

its insane! gas prices rose %15 last year and now they are talking about raising them a further %40.

The ridiculos thing is all these huge companies are making nothin but profit!!! surely they should think about lowering their prices! not making them higher!!!

the povety divide is getting bigger and bigger, the rich are getting richer and the poor are getting worked into a stupor if not they're death beds. the strain on mental health now is bigger and it isnt being addressed, in fact they are with drawing funding to mental health facilities and then they wonder why people are being stabbed and killed in the streets!

the whole country has gone mad and unless the goverment wake up to reality and see exactly how the other half live nothing is going to change for the good.

there will be a major problem.

Originally posted by lil bitchiness
http://news.bbc.co.uk/1/hi/business/7555788.stm

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Apparantly food prices went up 13.7%.

I don't know if the situation is improving in US, but in the UK it looks as grim as ever.

What?! You think you're funny because you ****ed off to Canada? You thought you'd makes this post and have a good laugh. Don't you worry Canada will get mad inflation so then we'll see whos laughing! MWHAHAHA!!!!!!!

yeah well dont worry about his arse! think about what you gotta do. apparently the rates havent peaked yet and may not drop until next year!!!!

its ****ing stupid! if the country goes into recession then we are all screwed!