Following the announcement that CPI inflation in the UK in the 12 months to April was 4.5% per cent, the Bank has published a letter from the Governor to the Chancellor, as required by policy. The letter is reproduced below:
Bank of England
London EC2R 8AH
The Rt Hon George Osborne
Chancellor of the Exchequer
1 Horse Guards Road
London SW1A 2HQ
As you w...
Chancellor George Osborne has sensationally claimed that inflation "isn't that bad."
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The Governor of the Bank of England has written a letter. It was sent to Chancellor of the Exchequer, George Osborne but was delivered to the wrong address by a postman who was discussing the latest political situation with a friend on his mobile. We...
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For the first time since the great depression, Britain is in deflation - a period of falling prices. Inflation rose by 0.2% to reach 3.2%, sending economic experts and commentators into panic about plummeting prices.
'Falling prices are terrible,'...
Government officials in Zimbabwe declared victory today over runaway inflation, stating it was finally defeated. To bolster the public's confidence in the nation's currency, Zimbabwe Mint officials issued a 100 trillion dollar coin as evidence demons...
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Bank of England officials today were said to be sure that Britain was unlikely to go into recession any time soon not while there are words like stagflation about.
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In a blatant attempt at trying to make something out of a non-event, British newspapers today suggested that an inflation rate of 2% was an unbelievably dangerous and devastating threat.
Figures released today by the Office for National Statistics (ONS) suggest that much-feared inflation is set to spiral out of control, leaving many people "without a penny to scratch their arses with."
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None of us will forget the day it began: Tea Bagging The Fed. They call the act childish in some circles and down right Patriotic in others.
Sorry, you can't go back any further!
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