Inflation Doom Reporting

Not content with their thoroughly negative reporting of the PM's EU speech, the BBC seized on the latest inflation figures as further evidence of the folly of voting to leave the EU.  The phrase "post Brexit fall in the Pound" nicely implies that the currency value change was entirely due to the stupidity of the Brexit vote.  No balancing acknowledgement that the Pound was already significantly over-valued and that a correction would have occur ed sooner rather than later.  Undeterred, the BBC reported with scarcely disguised anguish and hand wringing portents of doom that UK inflation had risen to 1.6%.  No mention that this is, significantly, below the Bank of England target nor that inflation in the model EU economy of Germany is currently 1.7%.

More faked news from the BBC.