Reccesion.

[gulliver1]

The Uk is now officially in Recession says The Bank of England as it raises interest rates to 2.25%.... Is this another Legacy from Boris.

[New Judge]

//In the past week, the price of milk has risen by 50%.//

Strangely I’ve recently completed participation in an ONS survey of spending. On 2nd September I bought four pints of blue top milk from Sainsbury’s for £1.45. Yesterday I bought the same product from the same store for er…£1.45.

That may go some way to explaining why you don’t understand how inflation is only 9.9%. Anecdotal evidence (such as yours and mine) is not used to calculate the official inflation figures as compiled by the ONS.

[Old_Geezer]

"But as I’d already pointed out the government..."
So, not a Boris legacy then. Besides I doubt a windfall tax would change the overall economy that much. Merely ease the problems for the public as they tighten their belts.

[THECORBYLOON]

"In the past week, the price of milk has risen by 50%."

Where are you buying your milk and what price is it now?

[youngmafbog]

Well it probably went up 50% in a week if you got a bottle from ADSA then another from the corner shop.

[DTCwordfan]

sounds like you have been milked, Clarion...or, in sheep terms, fleeced.

[douglas9401]

We seem to be heading towards one for one with the US dollar.

Tasty.

[10ClarionSt]

Not fleeced at all. Twas at Tesco. 1ltr of semi-skimmed on Mon 12th Sept was 80p. On Tues 20th Sept, it was £1.20. A rise of 50%. That's factual. Some users reckon it's gone higher than that. But prices in general have risen by much more than 9.9%. That's factual too.

[THECORBYLOON]

10CS, "prices in general have risen by much more than 9.9%. That's factual too."

From the Office for National Statistics in January,

"As we wrote last November, the ONS produces its headline inflation rate every month. It is produced by collecting the prices of over 700 everyday goods and services bought by UK households in numerous locations up and down the country, as well as online, to give us over 180,000 price points. We combine those with detailed information on spending patterns to calculate accurate price changes for goods and services in the UK."

Looking only at the items you buy on a regular basis is completely different from the 700 items used by the ONS.

That isn't to say the "basket" of items you buy hasn't gone up by much more than 9.9% but that isn't true across the country.

[royfromaus]

This thread opens with

'The Uk is now officially in Recession says The Bank of England'

Where's the link for this irresponsible (made up) nonsense

I know gulliver read it in the Guardian but the Guardian tells more lies than Gromit...they made it up.

[FatticusInch]

royfromaus
//This thread opens with

'The Uk is now officially in Recession says The Bank of England'

Where's the link for this irresponsible (made up) nonsense

I know gulliver read it in the Guardian but the Guardian tells more lies than Gromit...they made it up.//

Oh the irony…..

https://www.theanswerbank.co.uk/News/Question1812201.html

Where was your link in that OP?

Just a reminder:

https://www.telegraph.co.uk/business/2022/09/22/bank-england-says-britain-recession-raises-interest-rates-05/

https://amp.theguardian.com/uk-news/2022/sep/22/uk-recession-interest-rate-hikes-bank-of-england-kwasi-kwarteng-tax-cut-mini-budget

[FatticusInch]

Moderator inexplicably closed the linkless Britain Bashing thread, the one that had no link to prove your claim we’ve avoided recession. How odd?
Never mind eh?

[royfromaus]

Typical bias from the mods on this site.









BBC
UK may already be in recession - Bank of England

Guardian
UK in recession, says Bank of England


Blatant fake news

[FatticusInch]

Odd really because you generally pester about links from certain posters.
Maybe the Mod closed it because you were flailing?

[royfromaus]

I posted a fact
This thread is a lie, yet it remains.

[FatticusInch]

That’s enough internet for today me old china….and sauce too by the sounds of it.
Night.