According to official figures, the Chancellor George Osborne’s inflated claims that the economy is on track have reached a 3–year high.
The Chancellor’s elaborated postulations hit an unexpected high of 5.2%, due to his claims the economy was on track and the government’s plan to take the UK out of the financial danger zone and “balance the books” was working.
All this despite the fact that under Osborne’s stewardship the UK now has one of the highest rates of inflation in the EU and one of the lowest rates of growth.
The ONS (Office for National Statistics) said CPI (Chancellor’s Poppycock Index) rose to 5.2% in September, up sharply from 4.5% in August. It was the highest overall figure since recording of Chancellor’s bullshit began in 1997.
In a separate development, the Chancellor boasted his policies marked a major break from his Tory Chancellor predecessors of the 80s and 90s, John Major, Norman Lamont and Kenneth Clarke:
Unlike my predecessors, I don’t think high unemployment is a price worth paying for low inflation. That’s why I’ve managed to achieve the difficult balancing act of having both high inflation and high unemployment at the same time.