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MPs allowances rise at twice inflation rate! |
| July 30th, 2007 under General. [ Comments: none ]
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Source: Telegraph
Taxpayers have been left with a £95 million bill after the cost of MPs’ allowances and expenses rose by twice the rate of inflation last year.
Figures released yesterday show that the amount spent on the various allowances for MPs’ second homes, staff, travel and pensions rose by just under £5 million from £90.4 million in a period of only 12 months.
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BoE Governor wants Mortgages in inflation measures. |
| July 22nd, 2007 under General. [ Comments: none ]
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Source: BBC
The Governor of the Bank of England, Mervyn King, has told the BBC he wishes mortgage costs were part of the official inflation target.
They represent the biggest expense for many households, but are not included in the Consumer Prices Index (CPI).
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June CPI/RPI inflation data in…. |
| July 17th, 2007 under General. [ Comments: none ]
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Thanks to Davros
BULLET: UK Data: Jun CPI +0.2% m/m; +2.4% y/y; median +0.1%..
UK Data: Jun CPI +0.2% m/m; +2.4% y/y; median +0.1% m/m; +2.3% y/y
–Jun RPIX +0.4% m/m; +3.3% y/y; median +3.1% y/y
–Jun RPI +0.5% m/m; +4.4% y/y; median +0.3% m/m; +4.2% y/y
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June CPI inflation fell, but came in above the median forecast, easing
to 2.4% from 2.5% in May. Main downward pressure came from lower gas and
electricity bills as well as recreation and culture and misc. goods and
services. There was, though, upward pressure from transport (due to
higher petrol prices) and furniture and household goods prices. While
inflation is down to its lowest level since Oct 2006, there are 2 key
concerns in the data. First, June core CPI infl. rose to 2%, the highest
since Mar 1997 — while talk has focused on fuel and food pushing up
prices, this is not the only story. Second, for Q2, CPI infl. was 2.58%,
slightly above the BOE’s May forecast for 2.52%. Also, with oil prices
rising again infl. may not fall to the 2.25% forecast by the BOE in Q3.
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Bank Of England increase interest rates to 5.75% - July 2007 |
| July 5th, 2007 under General. [ Comments: none ]
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The Bank Of England have increased interest rates by 0.25% base point to 5.75% in an attempt to reign in inflation.
Editors Note: Good decision in my personal opinion.
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UK cost of living rising twice as fast as in Europe!!! |
| July 4th, 2007 under General. [ Comments: none ]
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Source: Telegraph
By Harry Wallop, Consumer Affairs Correspondent
Last Updated: 2:52am BST 04/07/2007
Food prices and energy bills are rising faster in Britain than almost anywhere else in the world, figures showed yesterday.
Shoppers are paying 4.9 per cent more for their weekly groceries compared with a year ago - an increase that is nearly twice the European Union average and more than five times higher than in France, said the Organisation for Economic Co-operation and Development (OECD).
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9 out of 10 people believe inflation 3 times government official level |
| July 3rd, 2007 under General. [ Comments: none ]
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Source: Channel 4
Nine out of 10 people claim the cost of living is rising at nearly three times the rate of official inflation figures, a survey showsDespite Office of National Statistics (ONS) figures showing inflation is currently running at 2.5%, consumers feel they are really facing price hikes of 7.3%, according to financial website Fool.co.uk.
Overall two out of three people say their personal rate of inflation is between 4% and 9%, while one in five claim it is between 10% and 15%.
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