The BBC is scaremongering hard about inflation and the dread ‘cost of living’ rise that we are supposedly suffering under #duetobrexit.
Trouble is inflation is not much above the average and it’s been much higher as a standard in the past…
The average rate of inflation has been 2.58% since 1989……
Consumer prices in the United Kingdom increased 2.9 percent year-on-year in May of 2017, higher than 2.7 percent in April and above market expectations of 2.7 percent. It is the biggest inflation rate since June of 2013, driven by cost of games, toys, holidays abroad, food, clothing and electricity. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.
So how is it now that the BBC is being so alarmist about inflation?….it is rising from a record and very unusual low to more the norm..and yet the BBC is claiming the economy is about to go into reverse as consumers panic and stop buying things due to the ‘high’ inflation. This is pure anti-Brexit black propaganda from the BBC.
When inflation was falling to that low the BBC was telling us what a problem low inflation is….all change now…’high’ inflation is the problem.
The BBC paradoxically has for years been keen for interest rates to rise, always pressing their guests to say when they should happen. There is nothing more likely to ruin the ‘consumer’s’ day than an interest rate rise as their mortage rates go up and they end up paying huge amounts more per month for what is essentially a central banker’s whim…and note….the consumer spending is optional, a mortgage rise is not…pay up or you’re homeless….if that isn’t just another form of inflation then what is? Seems a daft way to curb consumer spending by making them penniless or even homeless….what’s better…spending on goods and services and enjoying those or just handing the money over to the bankers? Either way it is spending.
Well, there is ‘scaremongering’, and there are other BBC unique editorial techniques:
https://order-order.com/2017/06/28/bbc-promoting-cranks-conspiracy-theorists/
Owen Jones and Paul Mason on standby as required.
To be fair, Sky has its fair share in common too…
https://twitter.com/theredrag/status/880097781620375552
Do you trust Carney?
He is a vision of apologetic gloom..
“Sad to tell you the news I have just invented”
All part of the plot to kill Brexit at all costs!
All with a little help from the “friends”…BBC included..!!
His comments in the last few days have been very destructive….
Any news of Sorros?
Thought he had a hand in the last fall of the pound..
Nothing changes….
We live dangerous times….
The Conservative party seems to have given up the media war and just allowed The socialists to maintain their narrative about all the problems of Blighty being caused by reduction in public spending . God I really wish there had been true tories to cut benefits and public spending a long time ago . If
Nice easy targets – al beeb – overseas spending – council and Hmrc corruption and fraud.
Rates will go up sooner or later and it will initiate the kind of 80s negative equity as people never learn . And al beeb will blame the tories for not telling people to cut their borrowing if they can .
Indeed, the current levels of personal borrowing are staggering. This government (like the previous one) is simply too terrified to apply the brakes. Instead it goes on printing money and hoping for the best. There will be a reckoning and it will hurt. The BBC will, of course, find a way of blaming the Conservatives when the real problem is that they haven’t been Conservative enough!
It is a pity the Conservatives didn’t copy the DUP manifesto, even with the ridiculous triple lock on pensions!
Triple lock ? It’s lovely; I’m getting it. Well done the DUP