Tuesday, January 03, 2006
Price rises
Depressed by Council Tax bill?
After reading this you might wish to ring the Samaritans!
Following hot on the heels of yesterday's news of impending increases in Council Tax bills comes further eye-watering revelations of more price rises in the pipeline. It seems that pressure will be put upon the Retail Price Index and additional pressures on employers as workers bargain for inflation busting pay rises, and who can blame them?
If Chancellor Brown maintains a tight grip on the nation's economy whilst stealthily increasing his borrowing, then there will be fears, as Retail Price Inflation rises, that the Bank of England will be tempted to increase interest rates (their next meeting is on 12th. January). The Chancellor's, already flawed, growth estimates will take another battering, and by the time that Prime Minister Blair is ready to hand over the reigns of office we could be facing a severe economic downturn.
The current round of price increases could be the forerunner of worse to come if wage inflation starts to grow, and if we are to allay fears of an economic depression, then politicians at national and local level need to realise NOW that we are an over-taxed nation. By taking more and more of our income they will help to substantially reduce our spending power, and as usual, the people at the bottom end of the pile, the wageless and the low paid, will suffer the most.
About Me
Curly Born in 1956
Sanddancer
Sunderland fan
Male
Retailer
Former Borough Councillor
View my Profile
Contact
Email Curly
south-shields AT
blueyonder DOT co DOT uk
Got a story?
Got a tip off?
Got some scandal?
Let me know!
07941386870
Search
Search this site
Comments
How do I make a comment on this blog?
Links
Curly's Corner Shop website
Curly's Photoshop
My Message Board
Shields photo gallery
RTG Message Board
Sunderland AFC Blog
Site Feed
Blogroll Me!
Past
December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007