Gadgets Gizmos Gossip

UK inflation accelerated to more than double the central bank’s 2 percent target in July, making it harder for policy makers to cut interest rates as the threat of recession seems absolutely imminent.

This rise in inflation has breached the government 3% upper limit for a third month. Of course, the cost of living will no doubt be on the increase and only add to hatred and loathing fot the UK prime minister, Gordon Brown.

This recent rise in inflation is going to hit UK hard. Retail-price inflation will be the most obvious. No one will be more frustrated with this recent increase than me. I run a catering company in the UK and to host a catering event is costing me almost double what it did a couple of years ago.

Where is all of this mad confusion and change coming from? How has the UK managed to get itself into such a complete mess? All I know is that we havnt seen the end of this massive slump in the UK economy, we still have more to come!