http://www.bankofengland.co.uk/monetarypolicy/pdf/cpiletter070417.pdf
2007-04-18 02:38:44 · 5 answers · asked by LongJohns 7 in Politics & Government ➔ Other - Politics & Government
inflation is global issue/problem.Most of the countries except China and Japan.As far UK is concerned it is due to poor performance of the economy ,falling share in world trade,increasing Govt Expenditure and massive outflow in supporting US in Iraq(military expenses).Bank of England may not be able to control it.The Govt has to change its priorities and domestic policies.
2007-04-25 22:23:16 · answer #1 · answered by leowin1948 7 · 0⤊ 0⤋
Apparently since 9/11/01 there are no government agencies that will not bend to the will of whomever is in power.
NIST, FBI, 9/11 Commission Report, Budgets, CPI's, etc.
They have lost track of everything by relying on the inaccuracies of the past. This includes England.
No letter of explanation is acceptable to explain an out-of-control inflation that does not include what steps have been taken to bring it back into control.
2007-04-23 13:04:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Mervin hasn't reallly told us anything we don't already know. I guess its a reasonable explanation, but not really enlightening.
2007-04-18 09:44:58 · answer #3 · answered by beanie 5 · 1⤊ 0⤋
didnt read the link but I blame Prescott, he eats to much.
2007-04-21 14:47:20 · answer #4 · answered by PK 3 · 1⤊ 0⤋
Hee he he, haha ha..............Sorry..................... the answer from PK made me laugh so much I've forgotten my answer to your question.... laugh.
2007-04-25 04:41:39 · answer #5 · answered by Curious39 6 · 0⤊ 0⤋