“A low and stable rate of inflation helps to create a healthy economy.
The Government sets a target for how much prices overall should go up each year in the UK. That target is 2%. It’s the Bank of England job to keep inflation at that target.
A little bit of inflation is helpful. But high and unstable rates of inflation can be harmful.
If prices are unpredictable, it is difficult for people to plan how much they can spend, save or invest.
In extreme cases, high and volatile inflation can cause an economy to collapse. Zimbabwe is a good example. It experienced this in 2007-2009 when the price level increased by around 80 billion per cent in a single month.
As a result, people simply refused to use Zimbabwean banknotes and the economy ground to a halt.”
Poor Curtis “50 Cent” Jackson — they’re going to poke a lot of fun at him for that first pitch he threw at the Mets game on Tuesday, May 27th. On the positive side, Carly Rae Jepsen should feel vindicated now: Here’s another 50 Cent joke: How crazy is hyperinflation in Zimbabwe? This Econ... Read more
Nigel Farage's great-great grandfather, born in Frankfurt, came to England in the 1850s without any paper qualifications - in the Ukip leader's future Britain, he would be turned away.
In the Brexit referendum of 2016, 73 percent of people aged between 18 and 24 voted to remain in the European Union, compared with just 40 percent of people aged over 65.
True…. but the overall cost is much higher, than if you just kept a healthy rate of inflation. you can read more here https://www.bankofengland.co.uk/explainers/what-is-inflation
such as
“A low and stable rate of inflation helps to create a healthy economy.
The Government sets a target for how much prices overall should go up each year in the UK. That target is 2%. It’s the Bank of England job to keep inflation at that target.
A little bit of inflation is helpful. But high and unstable rates of inflation can be harmful.
If prices are unpredictable, it is difficult for people to plan how much they can spend, save or invest.
In extreme cases, high and volatile inflation can cause an economy to collapse. Zimbabwe is a good example. It experienced this in 2007-2009 when the price level increased by around 80 billion per cent in a single month.
As a result, people simply refused to use Zimbabwean banknotes and the economy ground to a halt.”
That may be true for an economist, but the easiest way for politicians to do it is by raising taxes. There’s your problem.
Sorry, had to add this pic to the idea
Don’t deport him, just send his kids on a gap year – see how they do in the fatherland.
Not fair, but fun.
Yep, if voted by today’s populace we wouldn’t have left.
interesting, those that didn’t vote in the refarendum, would have remained. Too little too late, use your vote (wisely)