[Malcolm Armsteen]

Yeah, we're all rich snowflakes.

[The Weeping Angel]

Inflation is down.

[Tubby Isaacs]

It'll go up again, but good news for now.

[Youngian]

It'll go up again

Because of Trump’s tariffs? Not necessarily, a falling Dollar means cheaper commodities that are priced in Greenbacks. And China will be product dumping on the international markets with cheap goods that were destined for the US.

[Killer Whale]

It'll go up again

Because of Trump’s tariffs? Not necessarily, a falling Dollar means cheaper commodities that are priced in Greenbacks. And China will be product dumping on the international markets with cheap goods that were destined for the US.

Because of the increased costs to business of the rises in NI and wages, so the received wisdom goes.

[Tubby Isaacs]

Because of Trump’s tariffs? Not necessarily, a falling Dollar means cheaper commodities that are priced in Greenbacks. And China will be product dumping on the international markets with cheap goods that were destined for the US.

The OBR:

Annual CPI inflation is forecast to rise from 2.5 per cent in 2024 to 3.2 per cent in 2025, 0.6 percentage points higher than forecast in October. Wholesale gas prices are expected to peak at around 130 pence a therm in 2025, which is around 30 per cent higher than forecast in October. Oil prices are forecast to average 74 dollars a barrel in 2025, 4 per cent higher than in October. The resulting increases in the Ofgem price cap, coupled with higher food prices and the increase in regulated water bills, are expected to push monthly inflation up to a peak of 3.8 per cent in July 2025. From 2026 onwards, CPI inflation falls rapidly back to around the 2.0 per cent target as energy prices drop, food price inflation falls, and wage growth eases back from currently elevated rates.

[Tubby Isaacs]

Because of the increased costs to business of the rises in NI and wages, so the received wisdom goes.

These business taxes which are simulataneously leading to reduced wages and higher prices.