http://www.bbc.co.uk/news/business-17738121

CPI y/y 3.5%
RPI y/y 3.6%

The UK Goverrnment/BoE position on inflation has reached North Korean levels of credibility.

Hardly surprising with all that printing of money AND the resultant rise in the cost of imports, such as oil and food. My only surprise is; that the official level of inflation isn't in double digits – where it actually is.

Someone will be along shortly to complain about the price of road fuels.

Taking the duty and tax element aside the cost of fuels has not risen....

Shock horror; the value of Sterling (and what you can buy with it abroad) has fallen making it more expensive.

This is not a consequence of Government inaction but deliberate policy.

I have had this same conversation with my Conservative MP. From his responses, there really is no hope of them ever listening to us. It is like they are living in some strange universe, where altogether different rules apply. I actually find it quite scary that the political class are so removed from reality. The consequences could turn out to be very nasty indeed. Maybe that is precisely what they are aiming at.

Currency exchange rates are quoted as £ against the $; and $ to the £. The pound APPEARS to have been devalued by about 25% against the $ since QE was adopted. What isn't so obvious is; the USA has also been printing money and the $ has also been greatly devalued. Now the true value of the £ must be getting close to that of Monopoly money.

Now China is seeking to have its currency become the reserve currency.

3.6 , i wish it was , its more like 5 at least

plus our Gold reserves that would have helped to protect the pound, were sold off on the cheap to try and hide the true situation by that great socialist G Brown esq wonder if he will get a knighthood.

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Its not always the biggest and the bestest, its them that make the least mistakes.