Interest Rates

I suspect that the CBI is right and that interest rates will rise next year to combat inflation. The rise will have to be steeper and last longer than it needed to because of The Bank of England's quantitative easing policy. Many commentators warned that this would be the effect of QE and there is no doubt it is a major factor in the inflation we are now experiencing. Next year is going to be a particularly difficult year for the Government what with the increase in interest rates and the cuts. This will give the Unions an excuse to flex their muscles and make matters worse through strikes although I hope that there are no further riots on our streets. The weather will have improved by then but it is interesting that people on Jeff Randall Live this evening were talking about having to think about dealing with snow in a different way if it is going to become a more pronounced feature of our winters. Perhaps Boris Johnson's article in this morning's Daily Telegraph has hit a cord. If I were the Transport Secretary, Philip Hammond, I would be saying that there is something wrong with the Meteorological Office's forecasts and that there must be an enquiry to determine why. The Meteorological Office forecast a mild and damp winter and the Government will have planned its bad weather and gritting policy on the back of that prediction. So how come the Met Office got it so wrong whereas Piers Corbyn through his study of the sun got his forecast so right?