I have some comments on the above for Mr Brown today. I hope he enjoyed his 3 week paid maternity leave and has also noticed how only MP's receive this. The rest of us mere mortals get one week plus one at £100 per week. Oh the joys of working in parliament!
This past year I have done well and received a handsome payrise of twice the rate of inflation. As such I should be feeling happy but instead I know I am poorer than before with less money left over every month.
A look at the CPI/RPI link above shows why. There is no mention of council tax or mortgage interest; yet these make up 35% of my monthly spend and pleaseshow me anyone who spends less than 25% on rent and council taxes and I will show you a millionaire!
Also household bills and telecoms make up 6% of the list. Yet I spend 20% on these a month, in particular I have seen gas and electric bills increase by 50% this year. This is a huge discrepancy; again where are all the people in the country who don't face these bills? Surely the under-20's and income-support army are not the vast majority in the country?
When I roughly factored in these changes my rate of inlfation comes out at 12%. And there is worse to come. For this year Mr. Brown has hugely increased the M4 money supply which will mean more inflation - more money in the system an it will lose its relativw value.
So overall we ar ein dark economic days which is not the spin coming from the treasury. I have thought about this and there are two obvious reasons, both of which the Tories should focus on in the next couple of months:
1 - The government is bending all the rules to demonstrate its economic credentials - yet these cheats can be exposed.
2 - The government needs an artificially low level of inflation to keep down pay settlements to allow for greater money supply to feed its vast spending projects at low interest rates; in effect a double tax on all of us earners hwo are suffering from higher inflation and lower wages at the same time.
I hope the opposition will take up this chalice