Inflation Up House Prices Down Consumer Spending Down Mortgage and Personal Finance trouble ahead - Recession?

So, figures this afternoon and this evening just confirm what we at MyCbi have been saying for months - Now, will Mervyn King and the MPC dare put rates up again to control inflation?

Egg prices have increased by 25% in the last year - we presume this is a typical retail price whilst overall dairy products, milk, cheese and eggs collectively up by 11.3% on this time last year and bread and cereals up 4.6% and all of this is relevant to mortgages and personal finance, business and commercial too.

The recessession is here and will be far worse than necessary if Gordon Brown or indeed his selfish puppet dailly and dally, again - we say let Mervyn King and the Bank of England get on with it, keep politics out of the actual till and keep the FSA purely as a source of information from the markets and banks on an internal basis.

Consumer spending is down and will continue to fall, we think

Inflation at 2.1% isn't so bad it can't still be controlled (increase from 1.8% on the month) but any more 'severe' increases could be lethal - .3% does not sound a lot, but if that were each month then simple is it 3.6% that inflation risies within a year, to what, 5.7% - Gordon would be out if that happens!

Tony Blair knew this was coming, so did Gordon but was he so hungry for power that he took the job anyway, sod a party leadership vote and if we cannot waltz an election, forget that too - seems, it appears, that it is hang on to what they can for as long as they can.