Rishi delivers.

[Mottie]

On his pledge to halve inflation by the end of the year. Smashed it. The man is as good as his word.

Boost for Rishi Sunak as he meets pledge to halve inflation

Wednesday’s dip in inflation means Rishi Sunak has fulfilled one of the five pledges he set out in January

www.independent.co.uk

 

[noseall]

On his pledge to halve inflation by the end of the year. Smashed it. The man is as good as his word.

Boost for Rishi Sunak as he meets pledge to halve inflation

Wednesday’s dip in inflation means Rishi Sunak has fulfilled one of the five pledges he set out in January

www.independent.co.uk

Feck me! A Tory that tells the truth?

Refreshing.

 

[Mottie]

Feck me! A Tory that tells the truth?

Refreshing.

I can see you coming off the fence any day soon and giving them your vote…

 

[Odds]

 

[Roy Bloom]

I think a little in-depth analysis and comparison is called for:

UK inflation, as measured by the CPI, was 6.7% in the year to September, unchanged from August. UK inflation peaked at 11.1% in October 2022.
...
In Germany, inflation is provisionally estimated as 3.0% in October, down from 4.3% in September.
In France, inflation is provisionally estimated as 4.5% in October, down from 5.7% in September.

https://commonslibrary.parliament.uk/research-briefings/sn02794/

But there is a limit to how much credit ministers can take for the fall as energy prices settle.
Economists have said the main reason inflation has fallen from a peak of 11.1% in October 2022 is due to fall in the energy price cap, which limits what suppliers can charge consumers per unit of energy.
They also credit the Bank of England's decision to raise interest rates.

Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: "Inflation fell substantially on the month as last year's steep rise in energy costs has been followed by a small reduction in the energy price cap this year."
He said food prices were "little changed" in October,

UK inflation falls sharply to 4.6%

Prices are rising at their slowest rate in two years, official figures show.

www.bbc.com

So the reduction in inflation appears to have little to do with government policy.

 

[gant]

Down to the WEF then.

 

[Roy Bloom]

Down to the WEF then.

Please explain.

 

[Brigadier]

I previously posted (can't quote the post; thread locked?)

• 19 Jul 2023

• 
  
• Add bookmark
• #6

This inflation thing - specifically, Rishi's and Jeremy's "we're gonna do this to inflation" rhetoric - at best leaves me uncomfortable.

Unless a complete basketcase banana republic economy (which we're not quite at, yet) inflation is self-limiting; it was never going to run away, not in a mature and (relatively) stable, first world economy..

Sunak and Hunt will be claiming credit.
Which will be like claiming credit for the sun rising each morning.

 

[gant]

Please explain.

Not obvious to you, that's you in the dark for longer then.

 

[Roy Bloom]

Not obvious to you, that's you in the dark for longer then.

I think we can safely assume that you have no idea what you're talking about.

 

[Notch7]

Down to the WEF then.

No such thing

doesnt exist

 

[Notch7]

On his pledge to halve inflation by the end of the year. Smashed it. The man is as good as his word.

Boost for Rishi Sunak as he meets pledge to halve inflation

Wednesday’s dip in inflation means Rishi Sunak has fulfilled one of the five pledges he set out in January

www.independent.co.uk

you mean his prediction came true

Sunak had nothing to do with lowering inflation.

inflation has dropped because of 2 factors:

1) downward pressure on prices due to falling energy prices
2) rising global interest rates

 

[IT Minion]

The only way Rishi will deliver anything is if his father in law buys him Deliveroo

 

[Trazor]

I think a little in-depth analysis and comparison is called for:

Depressingly, it's from Roy, again.

 

[Notch7]

Inlftation hasnt halved

core inflation Dec 2022 6.3%
core inflation Oct 2023 5.7%