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Energy was the main initial driver for most of the other big jumps this instance*. Energy is higher so it costs more to run machines to make stuff (food, products etc), transport it etc. Due to climate I guess they can grow more than us without additional heat/light costs involved. Then if...

This is what’s happened to Japanese yen in last five years. Bearing in mind the pounds been weak post brexit. Also put dollar/yen for comparison. Basically their currency has been debasing due to policy/printing (sure there’s other stuff as well)

Yeah, 250% and there could be trouble ahead. They’ve been artificially suppressing rates (which they’d pay on debt) with central bank bond buying but the system is creaking due to inflation. They can’t raise rates because if they do debt will spiral further out of control. Most of the West have...

Yep, agree, fair enough. I’m aware of us hitting 100%, people were up in arms about it, which is why I’ve flagged gdp/debt ratio on US thread and here as it’s one of the considerations together with inflation, unemployment etc. The main point was that the latest guardian article held Spain out...

Yeah, they did and successfully to be fair. However, the main driver for inflation was energy and they have kept the cost to government as low as possible…. https://www.reuters.com/business/energy/spanish-imports-russian-gas-jump-may-nearly-28-total-2023-07-10/...

Joachim …or Hamer ? 😳

I’ve always found coffee suppresses hunger a bit. Oat milk (no added sugar) if people don’t like black is a good shout

Right, this is a long, dull one so anyone reading this make sure they’re sitting comfortably. Id read the above article earlier today and assumed everyone else had when commenting on Bidens economic performance, however, I follow the U.S. economy quite closely and I personally think its way too...

Agreed. It’s only right to look at why there’s differences and I don’t doubt there might be specific issues relating to government policy, Brexit etc. I’m just saying I don’t think they’re the main reasons and that giving BoE a pass when it’s their sole job to control inflation whilst blaming...

Yeah, this might be the difference in terms of Fadz and the team this year. Last year he was the one that held the backline together, with a little help from Bidwell, due to the inexperience of other players. Basically when he didn’t play we looked all over the place. Hopefully this year will be...

It wasn't my intention to spin anything, more just commenting that each country will have their own inflation challenges depending on food growth, energy generation/reliance on wholesale market, currency fluctuations, labour market etc etc so there will be a multitude of reasons why inflation...

You’re talking like other European countries aren’t struggling with inflation. We’re 1.5% more than EU average but some of those countries, like Germany have been in a mild recession, which helps reduce inflation. Our food price inflation is higher (17.3 v EU av 13.8). This is partly through us...

haha, not touchy, I just never agree with this ‘PMs can’t go on holiday’ stuff Interest rates aren’t a reflection on state of the country. They’re used as a tool to try to control inflation by encouraging less spending (corporate and personal) and more saving. Bond rates can be a reflection of...

I know. My point was that if we’d been more aggressive with rate rises/stopping QE earlier we maybe wouldn’t still be increasing rates now. Im not just blaming BoE, a lot of this ties back into post pandemic supply/demand issues and the war causing energy price shock. I just think if they’d been...

QE* pumps more cash into the economy which increases asset prices and can cause inflation (its not obviously the only cause obviously, supply side issues post pandemic and war were major ones) *presume you meant buying other financial assets not selling Edit - I was googling when Andy Haldine...

If we’d stopped printing money earlier and increased rates quicker ie higher earlier (when inflation started to increase) rather than small increases over a long period we might not have to still be increasing now into a weak economy. Even BoE have finally admitted as much. Many had been saying...

. There is no doubt that Truss caused a spike in mortgages rates (and anyone who had to change mortgages in the period pre Sunak would have a good argument for reimbursement) but inflation has stayed high so BoE has had to continue to raise rates anyway. Mortgage rates now are nothing to do...

That’s a strange comment Tony. It’s school holidays so when’s he supposed to go on holiday ? It’s also BoE decision to increase interest rates. If they’d done this more aggressively a year/18 months ago, maybe we’d have a little bit better control of inflation now Ps he should never have said...

I’m not having that DOD. According to Biden and his supporters maybe but a lot of their facts are questionable/challengeable and there’s plenty of stuff that’s not mentioned by them and elements of the press. It’s also impossible to judge a PM/Presidents economic performance on first two years...

Could be around £200k extra from say 8k fans (4k away, 4k home) That’s a players wages