…if you’ve read the front page headline in the ‘Daily Mirror’ today.
The Cost of Living Index, compiled with retail publication The Grocer and price comparison website Money-Supermarket.com, show the actual inflation figure is now around 18.5 per cent, at least six per cent up on last month. Food prices are up 14 per cent, fuel taxes rose 30 per cent, making getting around on public and private transport more expensive, and total household bills rose 4.3 per cent. The figure quoted by the Mirror is at least five times higher than the government’s official figures.
Once again, the hard-pressed working masses are continuing to struggle with increasingly high bills. The government will easily find ever decreasing resources to bail out badly-managed banks, but struggle to put forward a decent plan to reduce the tightening financial burden on the general public.
And here’s some evidence that the UK is heading for a deep recession…
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