UK Inflation Soars
In today's news, we hear that the UK Inflation Rate has reached 3.1%; necessitating the Governor of the Bank of England to write an open letter to the Chancellor of the Exchequer explaining why inflation is more than 1% off the target rate of 2% and what he's going to do about it.
Conservative shadow chancellor George Osborne probably said:
"Clearly inflation is now completely out of control and the Chancellor should immediately abandon his policy of allowing the Bank of England to set interest rates and adopt the Conservative party's policy of, er, allowing the Bank of England to set interest rates."
The Liberal Democrat spokesman for Money and Stuff said:
"When will the Chancellor see sense and adopt the Liberal Democrat policy of claiming that we thought of allowing the Bank of England to set interest rates first?"
Amid rising panic and financial commentators clamouring for blood, the Governor of the Bank of England was forced to admit:
"Inflation is likely to fall back within a matter of months"
Conservative shadow chancellor George Osborne probably said:
"Clearly inflation is now completely out of control and the Chancellor should immediately abandon his policy of allowing the Bank of England to set interest rates and adopt the Conservative party's policy of, er, allowing the Bank of England to set interest rates."
The Liberal Democrat spokesman for Money and Stuff said:
"When will the Chancellor see sense and adopt the Liberal Democrat policy of claiming that we thought of allowing the Bank of England to set interest rates first?"
Amid rising panic and financial commentators clamouring for blood, the Governor of the Bank of England was forced to admit:
"Inflation is likely to fall back within a matter of months"
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