Inflationn in the UK could be as high as 16% in 2023

[sinkov]

Your good on your horse racing predictions Sinkov.

I'm rubbishing the forecast CiB, but what is worrying is that they could easily be wrong on the low side, it may well be higher than 16%. Who knows, I don't, they certainly don't.

[ClaretinBudapest]

I'm rubbishing the forecast CiB, but what is worrying is that they could easily be wrong on the low side, it may well be higher than 16%. Who knows, I don't, they certainly don't.

Sanctions are having zero effect except on us.History will not remember kindly Blowjob,Trussed Up,Bidet and the rest of the current stooges in government :-

[The Bedlington Terrier]

I've just noticed this is a prediction for 2023, which is hilarious, these feckers can't predict what will happen next week, never mind next year. You can get endless entertainment from the OBR forecasts, not worth the paper they're written on within months, sometime weeks, of publication, every single time.

I have far more chance of telling you what the Grand National winner will be next April, than an economist has of telling you what the rate of inflation will be next April. And I am deadly serious, I am not joking.

The problem the global economists have sinkov is they are unable to predict the next catastrophe which debilitates the "system". Remarkably a lot like your riders and runners there is always someone who makes enormous financial gain from winning at the post. Trouble is it's never the 99.9% of us who are relatively skint.

The "system" is rigged.

[ClaretinBudapest]

The problem the global economists have sinkov is they are unable to predict the next catastrophe which debilitates the "system". Remarkably a lot like your riders and runners there is always someone who makes enormous financial gain from winning at the post. Trouble is it's never the 99.9% of us who are relatively skint.

The "system" is rigged.

This is so true.One more time BT:-

[Deadlydave]

They have planned this. Watch the WEF Utube videos. Food, Energy and fuel crisis generally will lead the plebs to beg the govt for a solution. That will involve you giving up your rights the centralised system. Welcome to the Thunderdome; the new feudal system they have in store. I wish it was a joke but then you will own nothing and be happy. Just you wait till they get their Digital currency, oh joy. Labor/lib/con will see it done for comrade Klaus.

[Claret_Matelot]

I wish people would syop moaning.. Remember the 80's. It just cost me £893.41 to put 2300 litres of diesel in my yacht...
Bank rate at year end (%)*
1979 17
1980 14
1981 14.375
1982 10
1983 9.0625
1984 9.5
1985 11.375
1986 10.875
1987 8.375
1988 12.875
1989 14.875
1990 13.875
1991 10.375
1992 6.875
1993 5.375
1994 6.125
1995 6.375
1996 5.9375
1997 7.25
1998 6.25
1999 5.5
2000 6
2001 4
2002 4
2003 3.75
2004 4.75
2005 4.5
2006 5
2007 5.5
2008 2
2009 0.5
2010 0.5
2011 0.5
2012 0.5
2013 0.5
2014 0.5
2015 0.5
2016 0.25
2017 0.5
2018 0.75
2020 0.25
2020 0.10
2021 0.25
2022 0.5
2022 0.75

[Vintage Claret]

I am not associated with any political party, in fact I think the three leading parties, Conservative, Liberal or labour are all quite poor there is not one outstanding leader or prospective leader amongst them.

I think that we in this country are now paying the price of Thatcher's privatisation policies with energy / water / communication and transport companies making great profits whilst increasing the cost to the consumer, which is pushing up inflation and leading to some families facing a stark choice of their living standards being reduced.

During the current conservative leadership debate's the leading contender Truss announced one of her policies would be to lower public sector pay in the north, which she had to retract almost immediately, but I would suggest that if she is elected this would re-surface, so much for the "one nation conservative party" and levelling up.

While visiting Russia on holiday in 2016, we had a tour guide in St Petersburg who said he would give us a brief political history of Russia.
1) Before 1918, they were ruled by the Romanovs and every citizen knew their place.
2) In 1918 they started to be ruled by the communists and again very citizen knew their place.
3) Then along came Boris Yeltzin and he liberalised the country and all the citizen were unsure where there place was.
4) At that time (2016) Putin had come to power and the tour guide said they were now ruled by the criminals and all citizens feared for
their place..

What could one say about our political history, even though we have a government who appear to bungling along we still do not live in fear for our lives, which I suppose is one good thing.

[The Bedlington Terrier]

It just cost me £893.41 to put 2300 litres of diesel in my yacht...

All of our hearts are bleeding for you mate.

[Robus]

For anybody with a few bob in the bank it's great news, for those who are skint and up to their neck in debt it's disastrous.

High inflation works the other way round. It punishes savers and rewards debtors. Borrow more, especially to buy real goods that will hold their value. Down the road you'll be repaying in depreciated wampum.

[sinkov]

"even though we have a government who appear to bungling along we still do not live in fear for our lives, which I suppose is one good thing."

We have a government who sacked 60,000 care workers last autumn because they refused a covid vaccination, we have a spineless opposition, supposedly on the side of the workers, who supported the sacking of these people, who were doing an important, difficult, low paid job that not many would fancy. The reason they gave was that unvaxxed care workers could infect those in their care, which was a nonsense, it was already known that the vaccines offered no protection against infection or transmission. They then threatened unvaxxed NHS staff with the sack, but not until March, when the busiest period for the NHS had passed, then they backed down when they were faced with sacking 80,000 plus doctors, nurses and ancillary workers, the legislation was rescinded.

There is no better word for a government and opposition which treats NHS and Care Workers in this fashion than scum. And I wouldn't be too complacent, if this scum will come for your livelihood, which they did, they might be coming for your lives next, it's not that big a leap.