Assessment: This has helped push UK’s “Misery Index” to its highest in a decade…
In an odd moment of truthful admission – that absolutely will not be heard in the US – The Bank of England governor has said he is “very sorry” that UK inflation is rising amid forecasts the cost of living could increase as much as 5%.
Andrew Bailey told the BBC that households were already feeling the impact of rising prices.
“I’m very sorry that’s happening,” he said.
“None of us want to see that happen.”
Inflation is currently ahead of the Bank of England’s 2% target at 3.1%. There are expectations it could rise to 5% by next April.
“Your silver has become dross, Your wine mixed with water. Your princes are rebellious, And companions of thieves …” Isaiah 1:22-23
Read More @ Zero Hedge HERE
He’s sorry! We’re sorry too. My wife and I are living on the meagre state pensions as price rises push us further back toward the rationing days of the early fifties, the era of our birth. Solomon, my dear wise Solomon wrote in Ecc 3:15 Whatever is has already been and what will be has been before; and God calls back the past.
Solomon’s father King David sang some of the well known verses from the Bible. Among them one which this household clings to: The Lord is my shepherd, I shall not want. Psalm 23.
May the LORD’s Name be praised.
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