Air head, frail looking but glamourous and gamin Yvette Cooper (Minister for something way beyond her competence at the Treasury) is telling us on the BBC 4 " World at One " that the (fudged and fiddled) rising levels of inflation (2.2% Jan 2.5% Feb) were exactly as predicted.... referring to what Gypsy Petulengro Darling said last week. This she attributed to the global "credit crunch" - i.e furriners. That she talks absolute bollocks is to be expected but a mention of record grain prices, commodity prices, and oil might just possibly have played a teensy weensy part, maybe eh! Yvette?
But not what Lordy Lord "Don I gotta Winner" King of the Bank said at the Mansion House 16th June 2007... 9 months ago.
"Our central view remains that inflation will fall back this year as the rises in domestic gas and electricity prices last year drop out of the annual comparison, and the recent cuts in prices feed through to household bills."