UK inflation hits 17-month high

What did anyone expect after printing £200 billion?

Now's the time to borrow. Low interest rates and inflation to erode the principle. If you're inclined towards a punt in that direction.

 

I dont think it has anything to do with printing money as you say more like oil going up and as it says the other things like womens clothing etc and imports as well

 

So LEOLION you dont agree that printing currency to ease the recession has no impact on inflation? You aren't very good at history are you!

 

Bloody tories. Only been in a matter of days and inflation has gone through the roof already!

Nah, only joking. This is actually not a huge issue - and has been impacted by a number of things that hit specifically in April. It will fall again throughout the year. I would suggest that it will come down to around 2.7 by October / November.

You can keep that and beat me up with it if I am wrong.

 

The more the merrier but could they wait until September please.

The higher the rate then the more gets added to miltary pensions.

 

Why should that be worrying? One now knows who to turn to for advice.

Back to more serious things, just how independant is the BoE from political interference?

 

Indeed it would be a punt. The most obvious tool the government has to control inflation is interest rates, or raising them. Thus, one may borrow now and find it difficult to repay down the line. That is, unless a fixed rate deal can be made.

 

They'll look even bigger twunts if they try to start a war on inflation in the middle of a fragile recovery.