I keep thinking that the Brexit will never see the light of day. Panic may help re-enforce the Euro Unification.
Inflation: next year's ticking time bomb
telegraph.co.uk/business
22 October 2016
This time the most vulnerable families will take the brunt as the cost of imported food, clothes, and fuel suddenly jump. A parting gift of the last Government was to freeze benefits for 11.5 million households until 2020.
This is a political time bomb that will detonate next year when the inflation ‘pass-through’ from imports bites in earnest. It threatens to poison the already fractious national debate unless steps are taken to mitigate the damage.
The poorest 8.3 million families will lose an average of £470 a year by 2020, and many will suffer further losses from the effects of universal credit.
The smoking gun is the current account deficit, which has been running near 6pc of GDP, the worst in peace-time since records began in the late 18th century.
Edited by Rogerdodger, 22 October 2016 - 04:56 PM.
