UK Inflation 1.7% - This Is A Big Problem

Today we look at the UK inflation data which came in at 1.7%.

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***Please be advised that I am not giving any financial or investing advice. I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk.***

[davesheffield]

I’m more concerned what the government are going to do to investors in the budget, I have got a feeling it’s not going to be good.

[francesboyce]

Maybe the Bank of England should face the same sort of scrutiny as US does with Federal Reserve the room is always packed with people and they are allowed to ask questions. Not sure that happens here

[wolftrader]

If BOE drop rates to quickly Pound Sterling will tank and external inflation will cause domestic inflation to soar again

[mkrangs]

Thank you for the valuable inputs. Can you do an update on Money Group? Stock price plunged today.

[timduncan]

Rent and service inflation are still high. The big decline in energy prices is skewing the inflation number.

[quokkapirquish]

Don’t worry, as soon as oil prices rise again, inflation rise to over 2% again.

[informer-]

People complain prices going up. Moan and groan. If they could be bothered using websites like money supermarket might drive competition like it did in the past

[annadrone]

The BofE do not live in the real world..prices of stuff I sell have dropped by 30% people dont have cash..at some point they will panic...interest rates heading to zero to avoid a recession...housing market to boom and greater inequality with people trapped in rental market