Inflation returning to target a 'significant moment', Work and Pensions Secretary Mel Stride says
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Work and Pensions Secretary Mel Stride discusses the latest inflation figures.
He said inflation returning to the 2% target was a "significant moment" - claiming it shows the Conservative Party can be trusted with the economy.
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It seems lying is normal now
What a weasel…
Wow and I was going to vote against the government but with this news I’m back on board!
Or not.
LIAR..
Bit late now. Nothing's going to get cheaper and things are vastly inflated. Disaster of a country
This means NOTHING for everyday cost of living - people still don't have enough money for day-to-day things
So why do the socialist filth make so much noise when inflation is higher?
He’s so full of *^%#…
Wages have not risen with inflation. The government and BoE worked really hard to suppress wages to control inflation, rather than trying to control prices to conquer inflation.
People rightfully want an above-inflation wage rise so as to put is back where we should be. That's never going to happen, though.
Wages have risen above inflation, according to the ONS.
Maybe try to regulate and monitor the ceiling of price gauging. Thanks for the hard work😊
U guys joking we do not need nic tax cut increase the tax threshold from current level 12500 to 20000 😅
the only people what will benefit is the rich mates
Exactly.
More wagging the dog.
Get them interest rates down rents & mortgages are far too expensive.
Normal families are f*#king being screwed over handover fist!
She is such a brilliant interviewer! Good Work!
What about the correction to last years excess rises ? We need negative inflation, not a small drop in positive inflation.
what it doesn't say is that prices have raised 2% compared to May....aka drop in inflation is likely the result of a drop in demand, rather than a "healthy economy"....
RESIGN LIAR..
reform for me
I'm already eating caviar on toast and just bought myself a new Tesla upon hearing the good news of inflation drop. Isn't it so great living in great britain!...
The result is elevated prices are here to stay but fortunately just growing slowly now. Ultimately we need to reverse the trend, raise taxes and raise the services we receive. Many news reports point to Austerity, the erosion of public services over 14 years and benefits hand in hand with the need to take out loans as taxes lowered.
So tax more but also deliver more, those who do not pay tax are those who think they receive nothing for it. Taxes cuts disproportionately harm the poorest and middle classes as those are the ones who use state schools, state healthcare, state services - paid for by taxes. We should be concerned the best of us, the wealthiest, pay little tax, however, the best off barely use the state system so it is to be expected they will aim to dodge it or only give token sums, ultimately we need to accept the majority of people are the ones who need to pay for services as we are the ones who use it the most.
we already pay loads of taxes the money isn't the issue we need to rip out 50 years of trickle down Thatcherism out of the system, Brown slowed right down the inequality drift he didn't reverse it since Osborne the tax code has been butchered to favour the wealthy beyond recognition.
Great, but everyone fails to point out that inflation, however small in percentage terms, is still causing prices to rise. Pensions rose, of course, but only to try to match inflation. The tax allowance did not rise, so the government will take back in tax what they gave. Higher prices also mean more vat revenue for the government. The reality for many is that they are struggling, and every % of inflation is turning the thumb screws.
Too funny 😂
Let's be clear, 2% inflation is still bad.
Our currency is still losing purchasing power.
No it's not. 2% is widely viewed as the literal best number for the economy. It's bang on the target rate.
Political choreography at its best.
Islam fights both inflation and poverty
"Allah condemns exploitation, and He blesses charities. Allah does not love any disbelieving sinner."
Quran 2:276
Islam brings peace and mercy to society
We're still paying 20%more for food, etc, than we were in 2022....just saying, for the fools, that don't understand.
There is a particular class of exceptionally brazen reality denying BS peddlers in The BrexitClown Party. This one’s got a season ticket with Bad enoch , Tally Ho! Leadsom, Dowden, Shapps, Mordaunt Maclean and Coutinho.
Mel.stride what a complete and utter 🛎🔚
😂😂😂
If anyone thinks inflation is really down to 2% more fool them. Also, funny how inflation rising - out of their control, couldn't doing anything - yet apparently inflation falling is result of their actions (even though it is largely down to Monetary policy which BoE set)
The 20% rise in food prices over the last year, the rise in interest rates plus hiked mortgage rates, energy costs and just a general sense of malaise mean that a 0.3% drop in inflation will make no differences to the luck of the Tories.
This comment is misinformed. Food inflation is at 1.7%, not 20%.
@@RaRa-eu9mw Re-read my comment. I stated that food prices over the last 12 months have risen 20%. I wasn't commenting on current food inflation but the fact that people look at their grocery bills and see that they are now paying on average 20% more than 12 months ago.
@@Dnky27 Yes and it's untrue. Food prices over the last 12 months have risen 1.7%, not 20%, because that's what annual food inflation means.
But if food inflation is in fact 1.7% then food prices have gone up 1.7% in the last 12 months, not 20%.
@@RaRa-eu9mw We know how much our shopping has gone up in price over 12 months by looking at our old receipts and its definitely not just 1.7%
As a number it just means things won't increase as much as they have been, but they have already increased and people are currently suffering with those increases. So in the end, it won't change anything.
hate this dude. the whole party dont know what its like for us normal working people!. people have short memories. GET THESE OUT OF POWER!!!!
Working people? Starmer says you don't exist.
@@T5Zplayer another one with a short memory
@@DJFREDHEAD2010 I remember nationalisation destroying industries in this country. I remember the violence of the trade unions. I remember Thatcher pulling this country up by its bootstraps. I remember Blair destroying that. I remember Blair lying and taking us to war. I remember Brown having to introduce austerity. Are those memories long enough for you?
@@T5Zplayer typical tory always labours fault aint it. your lot have been in charge for 14 plus years! and that osbourne intorduced austerity not labour! see what i mean! people of this country are deluded
@@DJFREDHEAD2010 Suggest you check your facts. Even the bumwipe Guardian. reported that it was Alastair Darling who initiated austerity. Alastair Darling also stated that the economy would not recover until 2017. These are facts. Hansard even.
People still don’t have enough money for day-to-day food 😢😢😢
Lying is getting no one anymore
It's too late, the damage with the price of goods vrs wages has already been done.
More tory bull
We're down to 2%, sure, but we're at a 2% INCREASE still after a sustained period of 11% levels. We took a giant step up in the price of goods, now we're just taking little steps up.... but it never went back down first. I see no cause for celebration until it starts going down.
Itll start to go up now, they called the GE now because of this tiny window. Add in the bits they like to strip out, such as housing, and inflation is much higher!
Their desperation to hang on though. Brilliant interviewer questions.
Most economists say In 2 months it will go up again. This is a mirage......
No they don't.
they must think we are all stupid and short sighted... We are still up over 20% over the last 5 years... nothing has "Come Down" except the rate of increase
And everything will go back to pre-2010 life. There’s a lovely sign photographed in the US Midwest. “Coming soon - Nothing.”
The only reason inflation is down is because the energy prices are down, As soon as winter comes and everyone needs their heating on the price will shoot back up and so will inflation.
That's not how it works - inflation is measured over the entire year previous. It's not affected by seasonal factors.
18.6% state pension increase over the last two years. Good for me in Thailand when I draw it next month. Only minimal cost increases over here 😂 and the country doesn't charge council tax.
So worker pay rises rise inflation but unlimited bankers bonuses dont. Low wage low tax and no nhs.
Hard to listen to when the interviewer seems to like the sound of her own voice more than listening to the person giving the answers.
Back to journalism school.
Until the BOE slash interest rates,we are still worse off! If they dont do it tomorrow the Tories are fucked!
I don't think they will.
No
🤣🤣🤣
This whole interview absolutely stank of panick & desperation. By far the most worthless government in living memory. Vote them OUT!
Prices have shot up and they stayed up😂😂 Inflation is irrelevant, just like the traitors in politics and the media
Unbelievable timing ain't it.
Tories on the ropes and now this .
My wages didn't go up 11% when inflation was at that point ... whys that if they kept up with inflation
More amateur CONS...
Yes, the Bank of England have done well.
🎉🎉🎉
Inflation was expected to go down this month and probably next month, it was extremely predictable and it was for historical reasons. It has nothing to do with the efforts of the Tories. They are trying to take credit for it, they think we're stupid...
"as it does every year"?
It will only take about six months for food and energy costs to come down 😮and it will take courts and lawmakers to help them with it . And by that time it will be winter and energy prices will be going up again causing inflation to rise. Well done Tory Party 🎉
It doesn't work like that, prices won't come down unless we see a period of deflation. What will take years to catch up is wages. Anyway this inflation drop was expected, nothing to do with the Tories efforts and it will go back up again in a couple of months.
Now for it to pound straight through the 2% mark and hit that -1% deflation period
Happy to take the credit for the reduction, what about the blame for the increase, more Tory tosh.......and food cost is still 25% higher
It's undeniably good news.
That in 15 days the Tories will be out of power for at least 5 years.
Everything is sooo expensive now it's crazy. If only we could blame this on the EU.
Printing money is a inflationary mistake. The inflation rise shouldn’t have been a shock.
This wasn't because of money printing.