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While squeezed living standards have been the norm in the UK now for a good many years, the lastest news indicates that the global downturn is taking the pressure off food and energy prices – until the shrivelled US harvest takes effect. Rental prices for housing are still edging upwards although purchase prices are . . . → Read More: Housing reflation and housing inflation – Alternative inflation … Interest rates paid by UK households are however, already some of the highest in Europe. Despite all the talk of record lows you will hear from the mainstream media. Given how our economy has evolved, any monetary policy other than safeguarding domestic living standards makes less sense than ever before. . . . → Read More: Our mythical low interest rates – Alternative Inflation Report This current spiral in food and resource prices is international, and it this international spiral that has taken off. So has not now the time come to begin to re-think our policies ? So as to gear the UK for riding out this storm and others that will come along. . . . → Read More: Alternative inflation report – coping with an inflationary global economy Inflation across the Eurozone at 2.2 % is now above the European Central Bank target of ’2 % or less’. In the big European economies it is now approaching 2 % with little hope that it is going fall back any time soon. The current figures for the big EU countries this report tends . . . → Read More: Alternative inflation- the globalisation of inflation Our last couple of reports have focussed on the unexpected wave of inflation that is being felt around the world despite us supposedly being involved in a global downturn, and how the UK is particularly feeling it. This month we are focussing on how other major G7 countries measure inflation as it impacts upon different parts of their countries and social structure. Something we want to see done here in the UK. . . . → Read More: Alternative inflation report – how other countries are doing it better Rather than inflation in the UK being the result of a series of one-off occurances as Mervyn King insists, perhaps we are heading for a new world-wide era of Austerity. With inflation rather than deflation being the main global issue. What we have been promoting as our Regional Prosperity and Inflation Framework, might well have to serve as an ‘Austerity & Inflation’ Framework. . . . → Read More: Alternative inflation report – or what Mervyn King does not mention It looks like a trend has now firmly set in for us to be the inflationary economy which besides undermining our living standards will help overseas companies hold their grip on our home markets. . . . → Read More: A trend set in – Alternative inflation report for June None of our current inflation indices register the unique house price inflation the UK has had. Had they done so in any manner comparable to Germany and the US, there would have been far higher inflation registered across the UK under New Labour. Looking at housing affordability indices gives us some idea of the seriousness of the real inflation being missed. And an index that shows this up region by region would show a revealing story for the West Midlands. We show what it would reveal. . . . → Read More: Alternative inflation report – Living standards in the West Midlands The new government have inherited the highest inflation rate in the G7. And as they consider any sort of increase in VAT to pay off national debt they need to think about how they keep their finger on the national pulse as the country faces these challenges to their living standards. More like Ronald Reagan than Margaret Thatcher. . . . → Read More: Lessons from the Thatcher/Reagan years – an Alternative inflation report |
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