• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News Media

Daily Mail blames inflation on Bank of England’s WFH policy

Worth noting that the Metro is also owned by DMG Media, which relies on commuters for ad revenue.

Jack Peat by Jack Peat
2022-05-18 08:15
in Media, News
FacebookTwitterLinkedinEmailWhatsapp

The Daily Mail has tried to pin today’s record-breaking inflation numbers on the Bank of England’s work from home policy, much to the bemusement of people on social media.

The rate of inflation increased at its fastest rate on record last month, according to new official figures.

Consumer Prices Index inflation rose to 9 per cent in the year to April, up from an already high 7 per cent in March, the Office for National Statistics said.

It was the fastest measured rate since records began in 1989, and the ONS estimates it was the highest since 1982.

A large portion of the rise was due to the price cap on energy bills, which was hiked by 54 per cent for the average household at the start of April.

The price of food is also expected to be hit by inflationary pressures, with the bank’s governor, Andrew Bailey, saying “apocalyptic” price rises are on the way due to the war in Ukraine.

But according to the Mail, there is a good explanation for why inflation is currently well above the Bank of England’s 2 per cent target.

RelatedPosts

Woman allegedly raped by 14-year-old boy – in popular Manchester club

‘Tax all childless adults!’ – UK expert’s unhinged proposals spark backlash

Watch: 80 firefighters tackling blaze at 17-storey block of flats in London

Andy Burnham gets it SPOT-ON with his take on striking workers

Their front-page lead today blamed it on the bank’s work from home policy, which requires staff to only come into the office one day a week.

As Josiah Mortimer points out, it is worth remembering that the Metro is owned by DMG Media, which relies on commuters for ad revenue.

Maybe THAT’S why they’re so incensed people are being allowed to work on a flexible basis these days.

More absolute tosh on the front page over Bank of England workers today pic.twitter.com/s3dE0jNA6c

— Josiah Mortimer (@josiahmortimer) May 18, 2022

Related: What was Theresa May’s Irish Backstop deal?

Tags: Daily Mailinflation

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Coronavirus UK – Labour urges Government to rethink immigration detention

Matt Hancock’s marathon fundraiser earns an eye-popping donor

How did London Become such a Tech Hub?

Postman who found purse tried to hand into police station but was told to destroy it

Diluting DfID at dangerous time – COVID-19 still prevalent around world

Papers say “carry on Christmas” as Johnson resists calls to scrap easing

Man jailed for posting racist messages on Twitter saying he “wanted to slit a Muslim’s throat”

Lenny Henry and other stars call for BBC reversal over Naga Munchetty ruling

Weather forecast, alerts and UVB index for London, Saturday 17 April 2021

Couple who try to meet 14-year-old girl for sex after grooming her on Facebook are jailed

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.