18 November, 2009

Inflation

Inflation is rising in the UK and it should be no surprise to those who read this post that one of the items causing the rise was an increase in the price of second hand cars. If you are poor and can only afford an old car, you are paying through your taxes for the better off to buy a new car more cheaply, and at the same time the price of your next second hand car has risen.

Incidentally the Government seems to treat a rise in inflation as good news. It isn't. It means that those on fixed incomes and those who work for a company which cannot afford pay rises and the self employed struggling in a difficult market are all worse off. Those with savings see them eroded by inflation. It isn't good news at all.

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