Inflation Mania

(Gordon Brown) did give the Bank 'operational independence'. They were given responsibility for setting interest rates to achieve the inflation target set by the government. Monetary policy had come of age!

Or did we just give more control to the financial institution that fueled the UK & Global property market boom............

Investors and wannabe investors all lunged at the property market pushing house prices to unsustainable heights this created a bubble that is now leaking very quickly, but the investors that are smart got out first leaving other people washed up.

We have all been here before in the 90's and therefore some of us remember.

Is History repeating itselfor are the writers of the last chapter simply wrote a new one were the people on the ground are left with the bill for the champaighn they drank.

The moral of this is if we make our home base cost expensive then everything else has to to follow and that is a very scary but principle rule in economics.

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