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Tuesday 14 August 2007

Inflation down, Gordon up

Further to my previous posts about Gordon's tricky decision, I see that inflation is down or at least is down on Gordon Brown's favoured measure of inflation that actually excludes housing costs (as if they don't impact on our lives). Food prices will be on the rise again soon as the wet weather takes its toll on farming output so Gordon may be unwilling to risk a snap election on one set of favourable economic data, albeit fiddled, however the general outlook for the economy is poor so maybe he will. I am so glad that I am not Gordon Brown; not as glad as my wife though!

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