marc, thank you very much. now, in december, inflation rose to 5.4%, up from 5.1% the previous month, that is a 12 month comparison, so 5.1 in the year until november and 5.4 in the year to december. that 5.4% figure is the highest since march 1992. food, clothing and household goods also rose, the bank of england indicates inflation hitting 6% by april. that is also the month in which the energy cap will be revised to reflect the spike in wholesale gas prices. simon, how painful is this going to get, do you think? it is awful, actually. i think that for all this political chicanery- we are seeing, there is nothingj more difficult for a government when its citizens are actually i getting a bit poorer every day, because the cost i of living is going up faster than their wages. there is no evidence thatj i have seen, from talking to a lot of industry, that this has got. any short—term fix.
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