Thursday, November 13, 2008

Deflation

it is now well known that I don't think that Gordon can handle more than one thing at a time so let me know what you think on this.

we are being told that we are entering a recession, in fact we are in one, and that next year we may actually see deflation, a terrible thought for this reason.

When the state benefits are calculated next year can we expect social security payments to be reduced, or will there be a miserly increase. I still remember the Brown 50p increase for pensioners. Nobody seems to remember that one.

So, when the chancellor gives his statement later this month do you think that he should tell us in advance about the implications on pensions and welfare benefits rather than leave it to the last minute. Or can we expect a spring general election as I have said for some time now.

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