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TOPIC: UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war

UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 3 months 3 weeks ago #3832484

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The UK interest rate is expected to go up later today, could be as much as 0.5%, so will have to wait and see. Inflation is expected to continue up until the end of the year and beyond, and they where talking as much as 15% on the national news yesterday .

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 4 weeks ago #3843392

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From yesterdays national news, it is now predicted that inflation in the UK could go as high as 20% by early next year.

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 3 weeks ago #3843659

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Oh boy that is very high.:(

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 3 weeks ago #3843709

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I just read that Chancellor Nadim Zahawi is concerned that people may freeze this coming winter.

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 3 weeks ago #3843747

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Nadim Zahawi is probably more concerned that people might remember the expenses scandal where he claimed over 5K courtesy of the tax payer to heat his stables. Maybe he is worried that people might attempt to move in with his nags in an attempt to stay warm and alive.
An apocalyptic picture is already being forecast by those in the medical profession who are concerned about vulnerable people ranging from children to the elderly and all those in between currently suffering from poor health who are going to be seriously harmed by a whole range of debilitating illnesses and death because of unaffordable energy costs on top of all the other cost of living rises.
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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 3 weeks ago #3843760

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Yes, absolutely, I had forgotten that. We appear to be governed by hypocrites.

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 3 weeks ago #3844154

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I have a feeling a lot more of the council facilities that are open to the public are going to be used a lot more over this winter, as people pop in to get warm, rather than have the heating on at home .

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 2 months 1 day ago #3853533

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After last weeks mini budget, the pound has continued to drop in value against the major currencies, and the Bank of England doesn't rule out more rate rises to try and get it under control .

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UK inflation hits 9%, highest since 1982, amid Russia-Ukraine war 5 days 10 hours ago #3873633

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Well from the news this week inflation in the UK is at over 11%. Just wondering how high it will go before it peaks .

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