The governor of the Bank of England has to write a letter of explanation to the chancellor if the inflation rate is more than 1% either side of the 2% target. On Tuesday, Mr Carney told MPs on the Treasury Committee that “inflation rising potentially above the 3% level in the coming months is something we have anticipated.”
UK inflation at highest since April 2012
If the Bank of England and the OECD can predict the future, Biased BBC definitely can.
November or December 2017: Carney’s letter will be deeply pessimistic about Brexit, so the BBC will report it as the top story with two or three articles of “analysis” where they cherry pick some other statistics to mislead the nation once again. Several days later Laura Klueless will ask the chancellor some stupid questions and whatever the answers are the BBC will present it as being further proof that Brexit is destroying the economy.