If the government think they are headed for deflation they are DELUDED!
Inflation has been near or at 2X the target for the past year(CPI), and although faling recently, I reckon is going to rocket in the not too distant future, especially with all the extra cash they are pumping in.
Examples? Recent price of petrol/diesel back on the up
Commodity prices recovering on the markets
Ford and other manufacturers increasing car prices by 10% recently.
Shop price inflation rises in January
So, where is this goddamn deflation that is supposed to be making my money become more valuable?
Gordon Brown is going to go down as the worst Chancellor in this countries history.