Red Rag - Today's inflation figures show yet again how completely useless Gideon Osborne is at economics. Yes the gas and electricity prices have gone up, however so has food, transport, clothes and all have one thing in common, they are Value Added Taxable......what did the idiot think would happen when he put it up to 20%.
The only people who seem to be more economically illiterate than Gideon Osborne are the puppets he installed at the OBR(Office for Bullshit and Ridicule) who predicted that Consumer Price Inflation would be 4.3% when it turned out to be 5.2%. The Retail Price Index rocketed to 5.6%. The average wage rise without bonus is 1.8% so virtually everyone in a job, with the exception of the Tory donors in the banking sector who are giving themselves huge bonuses, are struggling and are losing every week in real terms.....no wonder the City of London gave more than 50% of the total funding the Conservative Party received last year. You cannot say that David Cameron is not looking after his own and they of course are funding his party in kind.
Gideon is a record breaker. Highest unemployment figures for 17 years. Highest RPI figures since 1991 and today he managed to nudge the Misery Index to it's highest point for 19 years . The misery index takes into consideration unemployment figures and inflation figures.
Thanks to the worst chancellor in history economists are beginning to see their arse in increasing numbers and are downgrading UK growth expectations on a weekly basis. Today we had the first one to say that it expects next year the UK will have a GDP growth of 0%. You read that right, Capital Economics expects the economy not to grow at all. It also raised the probability of a second recession in the coming months to "a high chance". Expect other economist to follow suit.
Today George Osborne was heard mumbling "there's no plan B". Danny Alexander was heard saying "whatever you say master".
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