The day started wet and windy, but the rain stopped a little while ago. Whether we had a frost last night I do not know; the reports say we went down to -3C, but I find that very hard to believe. Looking at the Met Office reports, we had +1.1C. That's more like it. We certainly had high winds yesterday, going up to 54 mph at one stage.
So we now have zero inflation, and going down further. That means we're having deflation in the UK for the first time since 1960. Not as good as it appears on the surface, according to the economists who say it will slow the economy down even further. When you expect prices to fall in the future, you'll put off your purchases, won't you.
More later.
Very windy here Guido, after such a warm and sunny weekend. I just do not know where the economy can go from here, all very worrying.
ReplyDeleteWe've had beautiful Spring weather here and now it looks as though we're heading for a return of winter - poor, poor planet of ours, no idea what's what; a little like the economy really - love your blog!
ReplyDeleteThe weather is still wintery here, too. This economy thing is worriesome for sure. At least being retired, I know I can't get laid off. I've always been a coupon clipper and a bargain shopper when it comes to groceries or anything for that matter. So hopefully I'll be able to weather the storm. Linda in WA
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