Inflation.

[gulliver1]

Inflation in the U/K hits 10.1 percent. The highest in 40 years and the highest in G/7 . Well done Boris and his Brigade of Con Merchants, you certainly are following in Thatchers Footsteps.

[teacher1]

It could have been 12.1% if Keir and his girl friend had been in charge !

[Deskdiary]

Europe averaging at 8.6%.

https://www.newstatesman.com/chart-of-the-day/2022/08/uk-inflation-rate-2022-vs-europe-g7-other-countries

However, when you look at individual European countries, other than France, most are in the 9% to 10% bracket, but many are above 10% and experiencing higher inflation than the UK - Belgium and Holland to name just two.

https://www.euronews.com/next/2022/08/17/record-inflation-which-country-in-europe-has-been-worst-hit-and-how-do-they-compare

[Gromit]

Yep. It is not good.
The treasury and BoE have been sleepwalking on the job. Sunak out of his depth.
Heading to recession, Cost of living crisis, and torpid leadership.
Oh dear.

[bobbinwales]

Here's s the figures for all countrys.
https://tradingeconomics.com/country-list/inflation-rate-
Spain is higher. cyprus is high. Usa 9%.most Eucountries are 9% some more. Some countries have 30% plus.
Wonder if gulliver will say what the % where he lives.... I guess not.

[jno]

near the bottom of the G20 list all the same, bobb, and worse than the Euro area as a whole

https://tradingeconomics.com/country-list/inflation-rate-?continent=g20

A bad time to be left with a zombie government, unfortunately.

[bobbinwales]

Agreed but its not as if we're miles out of line with the rest of the g7. This month we're bottom, last MONTH We weRnT... ITS variable. Oecd average is similar to us.

[Bobbisox1]

Well at least it’s News this time , we’ll done Gullyboy

[Ryzen]

Hows inflation affecting the chip shop gully...cooking oil up..tatas up and deep fried mars bars off the scale :-)

[bobbinwales]

Gulliver wont tell us what inflation is where he lives ( my guess its uk really)

[Bobbisox1]

Bobbin, undoubtedly

[Canary42]

/// It could have been 12.1% if Keir and his girl friend had been in charge ! ///

Wow, what a carefully considered reply backed up with hard evidence - NOT.

When your response is based on biassed conjecture, then we know you're certainly getting desperate.

[Ellipsis]

This was a good interview on R4 Today this morning:

https://www.theguardian.com/business/2022/aug/17/tory-peer-hits-out-at-ministers-over-inflation-stuart-rose
‘Nobody is in charge’: Tory peer hits out at ministers over inflation

[gulliver1]

Often wonder if the Cons and their supporters really understand What inflation means.Perhaps they think it is all about Tyres.

[FatticusInch]

Wasn’t Johnson warned about this by Starmer last September?


https://www.cityam.com/labour-hits-out-at-boris-johnson-for-saying-uk-inflation-fears-are-unfounded/?amp=1

[youngmafbog]

Anyone got any suggestions for how to solve a Worldwide issue?

You all must have since your quick to slate so come on lets have it, its all very well saying it was known to happen but unless you have economic knowledge (and I have seen very little grasp of even the basics on here) then probably best to keep quiet.

[gulliver1]

Meanwhile Boris is enjoying his summer of Content at the taxpayers expense .
Boris fiddles while the uk sinks lower ,and lower.

[FatticusInch]

As I saw on the HIGNFY Instagram page yesterday:

Liz Truss says British workers need "more graft”, as all too often they abandon their
responsibilities and sod off to Greece.

[ToraToraTora]

still a long way from the 24% under Labour in 1975.

[Ellipsis]

We have had the highest inflation in the G7 for most of this year. Some of this is self inflicted, some due to world events beyond our control. The other G7 countries are subject to the same world events, and have less self-inflicted damage.