Prices are rising fast but official index misleads

Inflation is rising fast, but the Government and the supermarkets would have us believe that prices are not soaring above earnings.  Experts tell us we are mistaken when we think our weekly shop is more expensive. Today we are told that prices in the newly configured inflation basket have increased by 2.3% year on year.   That is according to the official consumer price index invented a few years ago and according to the new CPIH index that includes the economists’ take on the cost of owning a home unveiled today was also exactly the same as the CPI, which does […]

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Unfair contract traps to be outlawed

Hidden traps in consumer contracts that cause us to pay out far more than we expect  and for longer are to be outlawed in next week’s Budget according to Government pre-briefing. But don’t hold your breathe it is likely to take years for businesses that have spent decades devising new ways to con us to reform. They will kick and scream and be in denial about what they have been doing and legislation will probably take longer than Brexit  so prepare for an avalanche of unfair tricks to part us from our money in the meantime. We will have to […]

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