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Jeez things are getting worse, and nobody seems to be able to do anything about it. This begs the question if the latest round of Quantatitive Easing was worthwhile at all. They are trying to get the money swirling into the economy but its not working, the banks themselves appear to have hoarded the latest QE.
QE drives the returns we get on our savings way down, its time savers and investers got a break.
Im not sure there will be an easing in price rises next year, I believe petrol is due to go up considerably in the New Year..that will effect everything from family petrol pump prices to cost of delivering food to the supermarket..driving food prices up further. But politicians seem ever more powerless. The newspapers today dismissed David Camerons efforts yesterday with the all powerful utility companies as tepid..it was a window dressing. Go for Direct Debit was the summation of the effort.
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