Tuesday, March 22, 2011

Twin Evils of Inflation and Surging Borrowing in UK - and the contributions are from ...

News of a very high 4.4% inflation rate hit the UK this morning,

Streetinsider.com reported "The government cited a rise in domestic heating costs, particularly gas where average bills rose 0.4 percent from January to February."

Note these increases precede the future increases (noted yesterday), foreseen by increasing prices for forward contracts for coal, which started escalating following gas' escalation accelerating with the shutdown of older German reactors in a knee-jerk reaction to Fukushima.

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