Inflation In Britain Is High &Nbsp; Clothing Retail Price Rises For The First Time In 20 Years.

　　 UK inflation rate In October, it increased by over 3% of the government. Cordon 。 This made England bank president Mervyn Kim (Mervyn King) have to write the fourth letter of this year to the Ministry of finance to explain the situation.

　　 In addition to February, the inflation rate in the UK has exceeded 3% this month. The central bank estimates that even next year it will be hard to lower than 2%. Chris Heaton Harris, a conservative member of the British Parliament, reminded Prime Minister Cameron not to use taxpayer money to save Ireland in crisis. Another member of Parliament, Bill Casey, is blunt: "Britain. Taxpayer No money will be used to save Ireland. "

Inflation is becoming more and more intense.

According to the latest report of the ONS, the consumer price index (CPI) increased by 3.2% compared with 1 years ago, compared with 3.1% in September, because gasoline, diesel and even the rise of computer games. In addition, NEXT, the second largest clothing retailer in the UK, announced this month that with the rise in cotton prices, their clothing sales prices may rise by 5% to 8%. This is the first price adjustment ever since the early 90s of the British apparel retailing industry, which has even raised concerns that the era of "cheap goods" from the Far East may have ended. The good news is that inflation in food prices is easing a lot now - pork prices are falling, and vegetable prices are only up by 1% because of broccoli prices.

Judging from the current situation, this will be just the beginning. According to England bank officials, inflation in Britain will continue to intensify in the coming months. For the current British economy, price rises are not simply the price increase of pork. Britain is facing the most severe public expenditure reduction since World War II. At this time, the rapid growth of prices will become an unavoidable obstacle, so that the government can * t continue its stimulus plan to boost the economy.

The first thing to do is the controversial quantitative easing policy. "The Bank of England will not be happy to see this figure." Howard Archer, chief economist of the HIS global perspective, an international economic investigation agency, said, "however, this figure is likely to make the central bank more firm in its desire to not adopt quantitative easing policy from now on." But the British Chamber of Commerce (BCC) also immediately expressed the idea that they did not want to raise interest rates. David Cohen, chief economist of the chamber of Commerce, believes that the existing figures and economic performance are enough to show that inflation will fall sharply in the next 12 to 18 months after "temporary" inflation.

Some members oppose Ireland.

In the economic field, he was too busy to take care of him. In view of the current Irish debt crisis, there is a continuous debate on whether to help Ireland in Ireland.

Although the debt crisis of the EU countries has reached a point of synergy, members of the European Union, including Germany, have urged Ireland to accept aid so as to avoid the debt crisis. But just recently, conservative members of the United Kingdom, Chris Heaton Harris and Bill Casey, have come out against the bailout, saying they should not use British taxpayers' money to help Ireland. Kathy also said that Dublin's "bullying" of some European institutions may be forced to accept EU aid.

In response, Professor Philip Buss of Cass Business School made clear to the first financial daily that the Irish government had begun to rescue banks, but now small European governments, including Ireland, may not be able to solve this problem and must resort to some large economic institutions.

But now it seems a little unrealistic to coordinate the solution. "Now we kick the debt like a ball from one camp to another," Philip Buss said. "In fact, there are few economies in the EU that have successfully solved their own government debt problems, or very few countries can rely on themselves to maintain sustainable development."