UK Inflation set to soar to 4% by late 2017
3,609 views · Published 2 November 2016 · 4:13 · Indexed 30 October 2026
Channel: The 2% Brief · 2016 · People & Blogs
http://illuminatisilver.com http://facebook.com/illuminatisilver UK Inflation set to soar to 4% by late 2017 Today is Wednesday 2nd November 2016 and we are briefly addressing the issue of rising inflation in the United Kingdom. Many analysts and economists have predicted that the UK’s exit from the EU will not only result in a lower value of sterling, but also a rise in inflation. An article published by the BBC today states that a leading think tank has forecast UK inflation will quadruple to about 4% in the second half of next year and that disposable incomes will be cut. The National Institute for Economic and Social Research (NIESR) is the UK's oldest independent economic research body and was founded in 1938. It quotes: “The rise in prices will accelerate rapidly during 2017 as the fall in sterling is passed on to consumers”. The revised figure is sharply higher than the 3% it forecast in August. Growth too will be adversely affected. NIESR predicts that the economy would expand by 2% in 2016 - but would fall to just 1.4% growth next year. Dr Angus Armstrong, director of macroeconomics at NIESR, told the BBC's Today programme. "Households have really got a choice. Do they spend less or do they start saving less? … Given the savings ratio was at its lowest level since 2008, the most likely scenario is that they spend much less, hence the weaker [growth] forecast for next year." Consumer Price Index inflation rose to 1% in September, up from 0.6% in August, the Office for National Statistics said last month. That was the highest rate for nearly two years. On the positive front, the think tank also predicts that inflation would only return to the Bank of England's target of 2% in 2020. The question to ask of course is simply; that if inflation does rise to 4% can it be reduced again without raising interest rates, and if not, then what further damage to growth will occur if they are raised? Something to ponder in the US too, should the dollar come under selling pressure for whatever reason. Please view our latest videos: Gold and Silver rise as Trump leads in ABC Poll. https://youtu.be/tHq0LIAHVbw Trump Presidency – is an economic Collapse Inevitable? https://youtu.be/OyXDYCJ-QvA Twitter and Amazon – a lesson for gold and silver investors? https://youtu.be/dUvumVbsUjQ Latest Clinton Email Scandal – Trump rises in Polls https://youtu.be/1Ci0QpWdeCE Gold and Silver Update w/e 28th Oct 2016 - by illuminatisilver https://youtu.be/gOZga3y87CA Does the EU Establishment win yet again? https://youtu.be/yleyHtpCWXQ What happens to the US Economy if Trump wins the Presidency? https://youtu.be/NUB_l21BCF4 BREXIT – Banks to leave the UK beginning 2017. https://youtu.be/wPKa9pw9dL8 87% Chance for a Trump Victory according to Professor Norpoth. https://youtu.be/PeJsshfxPZM EU Anti-Globalists scupper CETA Trade Deal between Canada and EU https://youtu.be/o8Ja9-afNWc Gold and Silver Update w/e 21st Oct 2016 - by illuminati silver https://youtu.be/iaB3Jy4JOYM Donald Trump snatches defeat from the jaws of victory at the Albert Smith Memorial Dinner https://youtu.be/lGnbz5e-WYQ ECB to review its Quantitative Easing Programme in December https://youtu.be/X-P9prJKXtI 3rd Presidential Debate 2016 – Analysis and commentary https://youtu.be/eJksWMouIso 3rd Presidential Debate Guide – Who will Win – Trump or Clinton https://youtu.be/k-BWMf1w_WU China on Track to achieve 2016 GDP Forecast https://youtu.be/N5aTV_L6BLU Deutsche Bank to pay $38 million in U.S. silver price-fix case https://youtu.be/-pRNgZ8QYiw China’s Demand For Gold likely to hold steady in 2017 https://youtu.be/Y33GgDZqPYw ‘Lighten Up’ Donald Saturday Night Live was Funny https://youtu.be/sgSDArv5HtQ Silver Eagle Coin Sales Fall - possibly lowest level for 3 Years https://youtu.be/OBhym6LElxo TPP Trans – Pacific Partnership – what is it – an introduction https://youtu.be/qQ0yrl2SNwY Gold and Silver Update w/e 14th Oct 2016 - by illuminati silver https://youtu.be/MH1lrpM50m8 Wells Fargo Update October 2016 https://youtu.be/YSaPD-yfR2Q Bank of England spends 10% of its Post Brexit Emergency Fund in 2 weeks https://youtu.be/KvLpMnRPUWs
More from this channel
-
5:02
Greek Debt Crisis Update - by Illuminati Silver
-
5:30
1000 You Tube Subscribers in 4 months - Thank You from Illuminati Silver
-
5:58
Why has the Gold Price Fallen Further? - by Illuminati Silver
-
6:47
Gold, Silver, Stock Market and Dollar Update 23rd Aug 2015 - Illuminati Silver
-
9:07
Harvey Organ - Playing the same tune or a misguided prophet?
-
7:43
IMF Issues warning to the FED over interest rates.
-
11:48
How to recognise a Gold and Silver Pumper - 9 Comments they usually make.
-
6:05
Is Carly Fiorina the 'Cracker to Crush the Trump Nut'?