video UK · 19 May 2024

Inflation WILL Fall This Week

This video explains how UK inflation figures are calculated using a 12-month CPI, demonstrating why a reported fall in inflation is predictable and often a technical consequence of older, higher figures dropping out of the calculation. It critiques media reporting and political claims of credit, arguing the actual fall reflects the passage of time rather than recent economic policy or improved living standards.

By Gary Stevenson

Mentions Rishi Sunak, Jeremy Hunt, Liz Truss

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Arguments in this video

Living standards are at an all-time high Gary Stevenson · 10:18
Raised as a counter-argument to rebut. “living standards decreased massively. And this happened in basically every country in the world.”
Curbs extreme inequality Gary Stevenson · 13:36
“If they don't reduce wealth inequality, then they will not be able to stop the fall in living standards.”
Raises real revenue Gary Stevenson · 15:26
“The only way to make things better is to tax the rich more, tax ordinary working people less. That way we can get wealth flowing in the other direction.”