UK News and Discussions

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wjfox
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Time_Traveller
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What Liz Truss thinks about British workers?
"We all have our time machines, don't we. Those that take us back are memories...And those that carry us forward, are dreams."

-H.G Wells.
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UK inflation projected to hit 18.6% as gas prices surge

50 minutes ago

Surging wholesale gas prices are putting the UK on a path to exceed 18 per cent inflation next year, the highest rate among larger western economies, according to a report from Citigroup.

[...]

Rapidly increasing prices for natural gas have left economic projections out of date. At the start of the month, the Bank of England forecast that higher gas prices would push inflation above 13 per cent towards the end of this year.

Bank of America said last week that it expected UK consumer price inflation to peak at 14 per cent in January, while Goldman Sachs and EY projected it to hit 15 per cent.

But with Europe’s gas crisis escalating in August, Citi predicted on Monday that inflation would reach 18.6 per cent in January.


[...]

Examining the wholesale figures, Citi predicted that the UK’s retail energy price cap — which limits how much households pay for heating and electricity — would be raised to £4,567 in January and then £5,816 in April, compared with the current level of £1,971 a year. It added that the shifts would lead to inflation “entering the stratosphere”.

https://www.ft.com/content/778e65e1-6ec ... 701eb29567
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joe00uk
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wjfox wrote: Mon Aug 22, 2022 7:24 pm UK inflation projected to hit 18.6% as gas prices surge
And given real inflation is already pretty much at that figure already, this looks like we could be headed for inflation of 30-35% in real terms. We're all going to have to learn pretty quickly how to live in a third world country.
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Time_Traveller wrote: Fri Jun 18, 2021 5:01 pm Electoral Commission to be stripped of power to prosecute after probe into Boris Johnson’s flat makeover
31 minutes ago

Boris Johnson is to strip the Electoral Commission of the power to prosecute law-breaking, just weeks after it launched an investigation into his controversial flat refurbishment.

The watchdog has been threatened with curbs ever since it embarrassed senior Tory figures by fining Vote Leave for busting spending limits for the Brexit referendum.

Now ministers have announced that a new Elections Bill will remove its ability to prosecute criminal offences under electoral law – arguing it “wastes public money”.

The watchdog launched an immediate protest, warning the move would “place a fetter on the commission which would limit its activity”.
https://www.independent.co.uk/news/uk/p ... 68407.html

The Tories trying to be more corrupt by stripping the electoral commission after they launched a investigation into Johnson's flat refurbishment.
More on this: -

Tories quietly unveil 'extremely dangerous' power grab to neuter elections watchdog
11:51, 23 Aug 2022

Boris Johnson's government has quietly published details of an "election power grab" to neuter the UK's elections watchdog and undermine its independence.

In the government's first act since the Prime Minister returned from his second holiday of the summer, it set out details of the proposals, branded "extremely dangerous" by the chair of the Committee on Standards in Public Life when they were first suggested.

The publication comes just months after the Electoral Commission found the Conservative Party had broken electoral law over the funding of Boris Johnson's Downing Street flat refurbishment.

New draft proposals would strip the Commission of the power to bring its own criminal prosecutions for breaches of election law.

And they would impose a duty on the body to follow the government's "priorities", despite claiming it would not "interfere" with the governance of the body or its operational independence.
https://www.mirror.co.uk/news/politics/ ... s-27811231
"We all have our time machines, don't we. Those that take us back are memories...And those that carry us forward, are dreams."

-H.G Wells.
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wjfox
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Great news, everyone – our pipes will be fixed by the year 4022.

https://www.theguardian.com/environment ... 2000-years
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