Inflation rate rises to 3.3 % in the UK., page 1
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Topic started on 14-12-2010 @ 08:46 AM by Lagrimas
With prices for goods in the Uk going up accross the board, and VAT about to change in the new year from 17.5 to 20%, and inflation rates staying up above what we would like and expect, be in no doubt that the economic crisis is still going to be affecting your pocket for sometime yet if you live in the UK.

www.bbc.co.uk...

The inflation rate has now remained above the 2% target by one percentage point or more for 12 months, and the Bank of England's governor, Mervyn King, has had to write four letters to the chancellor this year as a result. But with the new government having announced the biggest round of budget cuts since World War II, the Bank still expects the resulting slowdown in spending to bring inflation down over the next two years. However, as the BBC's chief economics correspondent Hugh Pym said, confidence in the Bank's predictions could wane if the New Year heralds more gloomy inflation news.

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