From the TUC

This doesn’t feel like a recovery

18 Oct 2011, by Guest in Economics

RPI inflation is at its highest since June 1991 and the level of unemployment is at its highest since October 1994.

These are shocking statistics. Sometimes it’s hard to remember we are nearly two years into the ‘recovery’ from recession.  For many people the current situation feels an awful lot worse than even the darkest days of September 2008:

This certainly doesn’t feel like a recovery for those in work or those out of it – incomes are falling, households are cutting back their spending and the economy hasn’t grown for nine months.

4 Responses to This doesn’t feel like a recovery

  1. gastro george
    Oct 18th 2011, 3:23 pm

    It would be interesting to see the pay figures by decile, and see whether the low paid get 2.2%, or whether what pay increases there are, are going to the relatively affluent.

  2. An ever tightening prospect? | hopisen.com
    Oct 19th 2011, 2:09 pm

    […] question for those peturbed, as most of us are, by the disturbing rise in inflation we saw yesterday. What does the 2011 version of “Whip Inflation Now” look […]

  3. jonathan
    Oct 19th 2011, 5:14 pm

    I wish I could understand UK inflation. It’s a mystery to me. Is the UK capacity constrained for export? (That could be both nominal and effective capacity, meaning some capacity needs modernizing.) Given the state of affairs, I can see some effect of VAT but this? The US has similar commodity price issues and much lower inflation.

    I can’t agree it’s due to the now years old relative decline in currency value. Am I wrong?

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    Nov 8th 2011, 5:13 pm

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