As predicted: ALL indicators show inflation is up and we’re heading for a crisis

Last Updated: March 21, 2017By

Food and fuel prices are rising fast, powering a far heftier rise in inflation than forecast [Image: Alexander Britton/PA].

I wonder what Philip Hammond will blame?

Rising food and fuel prices pushed Britain’s inflation rate to 2.3% last month, the highest rate for more than three years.

Inflation was well above the 2.1% expected in a Reuters poll of economists, as grocery bills started rising after years of food getting cheaper.

The bigger-than-expected rise will intensify fears over people’s living standards being squeezed this year by higher living costs. While inflation has been going up, wage growth has been slowing, leaving households worse off.

The TUC said working people were facing the double blow of rising prices and slower wage growth. “If the government doesn’t wake up, we risk sleepwalking into another living standards crisis,” said the TUC general secretary, Frances O’Grady.

Source: Rising food and fuel prices hoist UK inflation rate to 2.3% | Business | The Guardian

The Twitterati are already having fun with this:

Remember folks: If you voted Tory at the last general election, this is what you wanted!

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

latest video

news via inbox

Enter your email address to follow this blog and receive notifications of new posts by email.

6 Comments

  1. Dez March 21, 2017 at 1:49 pm - Reply

    Well I am so relieved that the Ceo’s and Boards have got recent huge pay increases and bonus payments compared to the survey showing that the lower and middle class have had a decrease in their salaries and wages over a similar time. Would hate to think the upper etchelon have not had to downgrade their “bolly” brands. Cheers guys you can thank the very fair Cons for looking after your interests on the back of the downtrodden masses who you keep milking to pay for your bwanker friends mistakes.

  2. golfartie March 21, 2017 at 2:00 pm - Reply

    I don’t need any indicators to tell me inflation is up all the food I used to buy at adds Tesco and Lidl that was a pound is now £1.25 or more keep up the good work?

  3. Roland Laycock March 21, 2017 at 3:52 pm - Reply

    This is what the Tories have been working for

  4. Barry Davies March 21, 2017 at 4:31 pm - Reply

    When you raise the price of fuel, a policy beloved of the greenies, then the price of everything goes up because if you increase the logistical costs you have to pay for it.

  5. chriskitcher March 21, 2017 at 5:58 pm - Reply

    But this is the inevitable outcome of the stupidity of Brexit. I voted to remain but I do feel that the Brexiters should now face the outcome of their stupidity. This will only get worse as May applies her minuscule negotiating ability to her flagship stance and we all will suffer for her inexperience.

  6. Giri Arulampalam March 21, 2017 at 7:07 pm - Reply

    The Tories have always been obsessed with inflation. Currently, this is used to justify never ending austerity for the poor and the vulnerable.

Leave A Comment