Why it is wrong to make these people leave their illegally-occupied homes.
Why it is right to make these people leave their legally-occupied homes.
On looking down, not up
10 hours ago
"Things fall apart, the centre cannot hold" - W.B. Yeats. "We're doomed !" - Private Frazer. "Like scrolling through a decade's worth of Daily Mail editorials in 20 minutes" - TheLoonyFromCatford
I have looked back at the Bank of England’s past inflation forecasts for today to see how they compare with a level of CPI inflation of 5.2%.
November 2009 1.8%
February 2010 1%
May 2010 1.5%
August 2010 1.5%
February 2011 2%
These are estimates from the mid-range of its fan charts but as you can see any minor error in staring at the chart is dwarfed by the scale of the forecasting incompetence exhibited by the Bank of England. Apparently we are supposed to believe yet again that inflation will fall below target and only this month we required a further £75 billion of Quantitative Easing to stop a deflationary nightmare!