| Slightly disturbing findings on public understanding of inflation 10:49 - Jun 21 with 4209 views | DJR |
Two rather worrying things emerge from a poll highlighted in today's Guardian.
Only around a third of people can accurately say what a 5% annual inflation rate would do to the cost of a £1 loaf.
Halving inflation (as Sunak has promised to do) will not mean that prices go down. But when Survation asked people what it would mean in practice, most people wrongly said that the pledge would either mean prices going down (32%) or staying the same (31%). Only 23% said that this still meant prices would go up.
No doubt Sunak realises that his promise on inflation may well be so misinterpreted.
Of course, I do realise that some people do struggle with maths and the like, but I would have expected a much greater overall understanding than this. [Post edited 21 Jun 2023 11:09]
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| Slightly disturbing findings on public understanding of inflation on 08:28 - Jun 22 with 467 views | ElephantintheRoom |
| Slightly disturbing findings on public understanding of inflation on 11:02 - Jun 21 by Dubtractor |
I'm genuinely bemused at how aiming to reduce inflation to 5% is being bandied about as some great target.
The long term impact of compound inflation from 10% then 5% for the last 2 years is absolutely disastrous. |
Let me help you
They think Inflation would come down to 5% anyway irrespective of any government meddling because of ‘fiscal headwinds’ = thus enabling the government to claim credit for something that would happen anyway.
Inflation is largely driven by profiteering. Profiteering companies support the Conservative Party - so 5% is very good for them |  |
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| Slightly disturbing findings on public understanding of inflation on 12:36 - Jun 22 with 400 views | DJR |
I suppose it's not just the quality of the electorate we need to be concerned about. The calibre of MPs is nothing like it used to be twenty or more years ago.
This, from the Guardian, suggests the likely Lib Dem winner of the Somerton and Froome by-election is likely to be no wiser than many of her constituents.
"James Cleverly is not the only politician who has recorded an interview out today they would rather forget. My colleague John Harris has been to Somerton and Frome in Somerset, where there will be a byelection on 20 July following the resignation of the Tory, David Warburton. The Lib Dems held Somerton and Frome until 2015, and so their candidate, Sarah Dyke, is favourite to win.
But when John interviewed her for a Politics Weekly podcast about the byelection, he found she had difficulty answering policy questions on topics like mortgages and housing. Eventually she terminated the interview, saying she wasn’t prepared for it."
And here's a link to the podcast. The interview kicks in at about 11.51 in.
https://www.theguardian.com/politics/audio/2023/jun/22/fromes-byelection-battle-
[Post edited 22 Jun 2023 12:42]
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