• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Inflation: next year's ticking time bomb

MickeyW

MickeyW

Banned
DP Veteran
Joined
Jan 10, 2015
Messages
14,012
Reaction score
3,439
Location
Southern Oregon
Gender
Male
Political Leaning
Conservative
The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.

On that occasion the poor were at least protected. Benefits and in-work tax credits were indexed to inflation. Social cohesion was preserved.

This time the most vulnerable families will take the brunt as the cost of imported food, clothes, and fuel suddenly jump. A parting gift of the last Government was to freeze benefits for 11.5 million households until 2020.
Inflation: next year's ticking time bomb
 
MickeyW said:
The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.

On that occasion the poor were at least protected. Benefits and in-work tax credits were indexed to inflation. Social cohesion was preserved.

This time the most vulnerable families will take the brunt as the cost of imported food, clothes, and fuel suddenly jump. A parting gift of the last Government was to freeze benefits for 11.5 million households until 2020.
Inflation: next year's ticking time bomb
Click to expand...


You do know that is a piece talking about England, don't you??
 
MickeyW said:
The last time sterling fell off a cliff we were in the midst of global financial crisis from 2007 to 2008. The currency shock sent inflation shooting up to 5.2pc, abruptly squeezing on real living standards.

On that occasion the poor were at least protected. Benefits and in-work tax credits were indexed to inflation. Social cohesion was preserved.

This time the most vulnerable families will take the brunt as the cost of imported food, clothes, and fuel suddenly jump. A parting gift of the last Government was to freeze benefits for 11.5 million households until 2020.
Inflation: next year's ticking time bomb
Click to expand...

The IMF wrote that globally inflation is beginning to kick in. This is notmuch of surprise given the size of debt and fed money handling. But it could spoil British moods.
 
RAMOSS said:
Yet, inflation , tends to be more local.
Click to expand...

Not in the grand scheme of things.


Did the housing market crisis in the US not have a global effect? Bottom line is, when we're talking about money, the butterfly effect is in full force.
 
You must log in or register to reply here.
Back
Top Bottom