ACCA Accountant, optimist, dog lover, Head of People at Stateside Foods, - Don't chase success - decide to make a difference and success will find you!
Investors in People Celebration in Manchester this week... discussing the importance of trust in the workplace and how to create a place of psychological safety #peoplefirst
Tonight, I’ll be taking part in BACKUP North West Sleep Out for BACKUP North West. There’s still time to donate if you can. My JustGiving page tells you all about it: https://t.co/vXwBIZEp6Y
Tomorrow night, I’ll be taking part in BACKUP North West Sleep Out for BACKUP North West. There’s still time to donate if you can. My JustGiving page tells you all about it: https://t.co/vXwBIZEp6Y
@JasonManford I know you get this a lot, but any chance you could use your special powers to raise awareness for this beautiful Bolton lady: https://t.co/m0NCm423GZ Hey there, I hope you're doing well. I wanted to share Stacey's story with you; she’s battling brain cancer on top of having had double mastectomy and DIEP surgery, and her young family is struggling to manage financially. Every donation makes a real difference for them, so please click the link below to donate or share the link if you can. Thank you so much!
The most weasel game of words with inflation you'll ever witness - guaranteed!
I've transcribed the whole thing and bolded the really bad bit.
(Sorry, long. Please expand tweet.)
LauraK: "When do you think people will start to think 'you know what, maybe we are through the worst of this squeeze'?"
Jeremy Hunt: "When we get inflation down, and when interest rates can start to fall. Because there's a lot of pressure on families with mortgages."
LK: "But that may be a long way off."
JH: "But what people want from their Chancellor, what people want from their Prime Minister, is not people who are going to take the easy decisions, but people who are going to take the right decisions for the long term of the British economy. That's what we're doing. And we can see the plan is working. Inflation is coming down-"
LK: "Well, it may go up. The Bank of England think it has gone up in August. Do you accept that?"
JH: "Well, I do think we may see a blip in inflation in September. But after that, the BoE are saying it will fall down to about 5%. And you know, if we're going to put money in peoples' pockets quickly, the fastest thing I can do is deliver the Prime Minister's pledge to halve inflation. Because that puts not one pence in the pound, which might be a tax cut, but five pence in the pound in peoples' pockets that they wouldn't have had if inflation stays high."
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So the trick Hunt is playing is to compare future inflation of 5% to hypothetical future inflation of 10%, and then claim that because 5% is less than 10% and therefore prices go up less (they go up, but less) that represents a "saving".
It's like saying "Today, this TV is £100. Next week we will reprice it at £110." And then a short while later saying "You know what, we'll only increase it to £105. So you'll save £5."
Deceit of the highest order. There's no actual saving. Prices are still rising. In the TV example, it still cost £5 more. (The "£5 less than £10" line of reasoning is nonsense, because the £110 price never happened.)