Inflation crisis - Brown creates the perfect storm

.
.
.
.
With the experts predicted inflation would be plummeting at this stage. The same experts that got us into this mess. Gordon Brown, the BOE, the FSA they all said that deflation would be a problem.

Deflation may well be a problem in the future, but cutting rates so low so quickly never gave the rate cuts a chance to work, before clobbering all the savers.

I blogged on the inflation rate last week here. I would not be surprised if inflation was still above target in the months to come, the currency being weakened and interest rates being increased.