Chancellor George Osborne has sensationally claimed that inflation "isn't that bad."
These claims were made after figures revealed inflation in the UK would rise sharply in the next year following a statement from the Bank of England.
George Osborne was quick to defend inflation and the thought of millions of Britons wielding useless money around in wheelbarrows.
Osborne said, "Me and my chums used to put all our money in wheelbarrows and walk around campus all the time when we were in the Bullingdon Club. This was mainly to show how rich we are and to impress the ladies."
Then, showing his limited grasp of the economy, Osborne later claimed, "Increased inflation will mean that people have more money and will be able to show it off in their wheelbarrows."
David Cameron has since stated that George Osborne's claims are embarrassing and untrue, "When we were in the Bullingdon Club, we used to wield our money around in leather briefcases, not wheelbarrows."