Beside Unemployment, here comes the discussion on inflation and deflation.
Normally, we only know about inflation where cost of living keep on climbing up.
Now UK worry about deflation , whereby the inflation rate become a negative figure!
Due to the decrease of oil price and food price, UK inflation rate falls from 5.2% in september to 4.5% in October! the biggest falls since 1992. Now the government worry if the spenting power is not strong, UK will go into deflation soon. Not sure how deflation will affect the whole economy but it sounds a bit serious where the government is now trying to cut interest rate and also tax to encourage people spending!
So, I guess it is time for me to help a bit on the UK economy liao :P
kekekekeekkeke
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