The Governor of the Bank of England has said that the country's growth forecast will be lower and slowly than previously predicted and that inflation could reach 5% before the end of the year. The bottom line is that these expert haven't gone a clue, its all based on ifs and buts and perhaps, and what happens in other parts of the world etc.They look at statistics from the previous months and try and predict what will happen in the coming months and years.Then we are told that gas and electricity prices will rise between 5% and 10% due to increasing costs on world markets. If we are all in it together according to the prime minister the chancellor of the exchequer and other prominent government ministers, why is it that we see the banks and the bankers who were one of the main reasons that we are all in this financial mess are taking big pay rises, no obscene pay rises and bonuses. The government said that they would curtail these, but they are impotent to stop them. The utility companies increase their tariffs because they have to maintain their profitability. If we were truly ALL in it together, then perhaps its about time that the government, that institution that is supposed to represent the man, turned round to these utility companies and told them that they can't increase their prices, that they will have to bear some of the pain and settle for a few millions of pounds in profit and not targets that are nearer the billion pound mark. Then perhaps the man in the street will come to believe that we are all in it together.
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