KiwiGTI

Another example of how wealthy the UK is, or also maybe another example of the credit based society we live in.

In any case there are very few countries that have the levels of cars available to the average person in the UK these days.

Paul3446

Don't forget that Labour have changed the way that inflation is measured, so any comparison to the Tories is meaningless.

Labour invented the Consumer Price Index to measure inflation. Two things that are not included in this are house prices and Council Tax.

I don't know about anyone else, but my biggest two outgoings each month are my mortgage, followed by my Council Tax.

So when the figure released is 3%, this would really equate to something nearer 7 or 8% I reckon. There are other things not included, but they are the only two I can remember.

If you never believe any figures released by Labour, life becomes a lot clearer.

pwhittle

The Office of national Statistics now have a person inflation calculator at National Statistics Online. It includes most cost of living areas, but not private education. Mine was 5.2%, and we have pretty low expendature really (£15000 pa according to the data I put in here)

It's a bit slow, as it re-calcualtes at each key-stroke. Interesting though, especially given my expected 2% payrise.

dpb

And what will happen when 3x salary cannot be afforded..?

Why 5x will be offered - and is already...:Cuckoo:

Paul3446

I saw an article yesterday that said the a pensioners inflation rate was about 8%, as they spent more as a percentage on things like fuel bills.

borat52

Hmm, January 1975- Jan 1976 inflation was 23.3%. Can you remind me who was in government then? That is the truth and its in the History books as FACT as you like to say.

So to summarise when the Tories were in control, even at the highest peak in inflation it was lower than the previous labour government. A wise man told me 'never trust labour', I think he was right.

UK RPI data for reference:
U.K. Retail Price Index

Paul3446

Poor old Pete, rumbled again.

Petem95

Good work Borat52!!

Lewis gets put in his place!

Paul3446

Every one of Pete's threads ends up the same, he spouts a load of sh*t, then someone points out that he doesn't have a clue what he's talking about, then he disappears, knowing he's been well and truely owned.

SJ_Skyline

A Borat post should be more like "You vote Labour and you get bang-bang in anoos"

Paul3446

bttt, so Pete doesn't forget we're still waiting for his apology.

Leslie

What you say is right PSL, inflation was very high for a time due to external forces as you mentioned earlier and also the heinous state of the economy that the previous government got us into. I still remember the IMF refusing to lend Labour any more money!

By the time the last Conservative government ended however, they had got the economy into a stable and buouyant position and NL inherited that. Since then they have made it appear to be strong due to their repeated overborrowing and encouraging everyone to live on credit so that high street sales make the economy look good. Trouble is is it all built on borrowing which is a very dangerous existence.

Les

Paul3446

I'm afraid we've seen the last of PSL on this thread now, he's been rumbled and owned and he doesn't like it.