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
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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 reports in the last half of 2010 have underlined the trend for the UK to have the highest level of official inflation among the original countries that founded the G7 – the leading western nations. The figures for when this blog was written are at the foot of this report. Further, the UK . . . → Read More: Alternative Inflation Report – better indices under consideration…better policy possible The highest rate of inflation among the original G7 members, is our UK inflation rate. Although there is much doubt about how representative the official figure is, no one really believes the official figure under estimates inflation. Over a decade after inflation and interest rate management was taken out of the hands of politicians this is an unexpected predicament. The whole logic of the hope of the 1990s was that the UK would have a sounder monetary system if politicians and their short-term agendas were taken out of this level of economic management. That was supposedly the lesson of experience overseas. . . . → Read More: Alternative Inflation Report – Bank of England failure ? Had Lawson even had an experimental inflation index for even one of the regions or nations of the UK, he would have served the interests of our UK economies better than any shadowing of the D-Mark could have done. Gordon Brown could also have avoided the boom and bust too, had he had regional inflation indices alongside the national one. Both booms could have been reined in before they both led to the crises that squeezed our manufacturing industries so badly in recent decades. . . . → Read More: Alternative inflation report – why regional inflation alerts matter 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 |
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