UK Inflation falling - not for me!

This was quite an interesting find. I was going to a a post on the CPI inflation basket, although actually CPI and RPI are pretty close in correlation this year - with RPI being a little higher but moving in line even given housing prices and lending going up. With Help to Buy early next year, this correlation will probably start to widen.

What I did find though was this personal inflation calculator which is quite interesting and makes for an interesting view. My own circumstances have been very trying this year and I can see why as when I input my personal spending patterns it shows me having to cope with a personal inflation rate of nearly 8% for the past 18 months - no wonder I have to be hard working capitalist.

Here you go, peek if you dare...http://www.neighbourhood.statistics.gov.uk/HTMLDocs/dvc14/index.html

UK National Debt Rockets

Yesterday's news but here is some simple statements:

In 2002 interest on UK debt repayments were £22 billion

Last year the debt repayment were £31 billion.

This year they will be £34 billion....and rising

That is a 65% increase in debt repayments in just 6 years. This is before we go back to an inflationary enivornment where gilt yields will rise, causing the debt to become even more expensive.

Have a look att he grpah below from Wikipedia - see what taxes you could have removed, e.g. halved council tax or corporation tax, done away with stamp duty...